Shares of Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.60 and traded as high as C$0.65. Erdene Resource Development shares last traded at C$0.63, with a volume of 486,503 shares changing hands.
Erdene Resource Development Stock Down 3.2 %
The company has a 50 day moving average of C$0.60 and a 200-day moving average of C$0.49. The company has a market cap of C$212.66 million, a P/E ratio of -31.50 and a beta of 1.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27.
Insider Buying and Selling at Erdene Resource Development
In related news, insider 2176423 Ontario Ltd. purchased 234,000 shares of Erdene Resource Development stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of C$0.67 per share, for a total transaction of C$157,271.40. 22.51% of the stock is currently owned by corporate insiders.
About Erdene Resource Development
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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.
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