Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Acquires 200,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 200,000 shares of Erdene Resource Development stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of C$0.41 per share, for a total transaction of C$82,000.00.

Erdene Resource Development Trading Up 1.3 %

ERD stock traded up C$0.01 during mid-day trading on Thursday, reaching C$0.41. The company had a trading volume of 134,868 shares, compared to its average volume of 147,467. The firm has a 50 day moving average of C$0.40 and a 200 day moving average of C$0.35. The company has a debt-to-equity ratio of 70.09, a current ratio of 0.66 and a quick ratio of 4.27. Erdene Resource Development Co. has a 12 month low of C$0.27 and a 12 month high of C$0.42. The company has a market capitalization of C$139.55 million, a PE ratio of -40.00 and a beta of 1.39.

Erdene Resource Development Company Profile

Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. Its principal projects are the Bayan Khundii Gold project and the Altan Nar Gold-Polymetallic project located in southwest Mongolia.