2176423 Ontario Ltd. Acquires 100,000 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 100,000 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of C$0.67 per share, with a total value of C$67,000.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Tuesday, February 25th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.70 per share, with a total value of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.75 per share, with a total value of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Performance

Shares of ERD stock opened at C$0.68 on Friday. The stock has a market cap of C$243.04 million, a price-to-earnings ratio of -270.04 and a beta of 1.63. The stock has a 50-day moving average of C$0.62 and a 200-day moving average of C$0.59. Erdene Resource Development Co. has a 1-year low of C$0.34 and a 1-year high of C$0.79.

Erdene Resource Development Company Profile

Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company was formerly known as Erdene Gold Inc and changed its name to Erdene Resource Development Corporation in May 2008.