Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Buys 234,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 234,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of C$0.67 per share, for a total transaction of C$157,271.40.

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

• On Wednesday, September 25th, 2176423 Ontario Ltd. purchased 458,500 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.60 per share, for a total transaction of C$274,962.45.

Erdene Resource Development Trading Down 1.4 %

Erdene Resource Development stock opened at C$0.70 on Friday. Erdene Resource Development Co. has a one year low of C$0.26 and a one year high of C$0.74. The business’s fifty day moving average is C$0.48 and its 200 day moving average is C$0.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27. The stock has a market capitalization of C$244.04 million, a PE ratio of -35.00 and a beta of 1.58.

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.