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Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Buys 100,000 Shares of Stock

Erdene Resource Development logo with Basic Materials background
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Erdene Resource Development Co. (TSE:ERD - Get Free Report) insider 2176423 Ontario Ltd. purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$0.67 per share, for a total transaction of C$67,000.00.

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

  • On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 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. bought 150,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.70 per share, for a total transaction of C$104,745.00.
  • On Friday, February 14th, 2176423 Ontario Ltd. acquired 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 shares were acquired 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. bought 400,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Price Performance

Shares of TSE ERD remained flat at C$0.68 during mid-day trading on Monday. The stock had a trading volume of 117,005 shares, compared to its average volume of 215,638. Erdene Resource Development Co. has a one year low of C$0.37 and a one year high of C$0.79. The firm has a market capitalization of C$243.04 million, a P/E ratio of -270.04 and a beta of 1.63. The business's 50-day simple moving average is C$0.62 and its 200-day simple moving average is C$0.59.

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About Erdene Resource Development

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Erdene Resource Development (TSE:ERD)

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