2176423 Ontario Ltd. Acquires 200,000 Shares of Erdene Resource Development Co. (TSE:ERD) 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, April 2nd. The stock was purchased at an average cost of C$0.79 per share, for a total transaction of C$157,900.00.

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

• On Thursday, March 13th, 2176423 Ontario Ltd. bought 250,000 shares of Erdene Resource Development stock. The shares were acquired at an average price of C$0.75 per share, for a total transaction of C$186,725.00.
• On Thursday, March 6th, 2176423 Ontario Ltd. purchased 250,000 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.69 per share, with a total value of C$172,500.00.
• On Tuesday, March 4th, 2176423 Ontario Ltd. acquired 139,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.68 per share, for a total transaction of C$94,033.50.
• On Thursday, February 27th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.67 per share, with a total value of C$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. purchased 100,000 shares of Erdene Resource Development stock. The stock was bought at an average cost of C$0.66 per share, for a total transaction of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. acquired 150,000 shares of Erdene Resource Development stock. The shares were bought at an average price 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 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 bought 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. acquired 400,000 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Performance

Shares of Erdene Resource Development stock opened at C$0.72 on Friday. The company has a 50-day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.65. The stock has a market capitalization of C$257.33 million, a PE ratio of -285.93 and a beta of 1.63. Erdene Resource Development Co. has a 52-week low of C$0.37 and a 52-week high of C$0.85.

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.