Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Purchases 150,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 150,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of C$0.70 per share, with a total value of C$104,745.00.

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

• On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.75 per share, for a total transaction of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. purchased 218,500 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Performance

Shares of TSE ERD opened at C$0.70 on Friday. The firm has a 50 day moving average price of C$0.60 and a two-hundred day moving average price of C$0.58. The stock has a market cap of C$250.19 million, a P/E ratio of -277.99 and a beta of 1.63. Erdene Resource Development Co. has a 52-week low of C$0.34 and a 52-week high of C$0.79.

About Erdene Resource Development

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.