Shares of Erdene Resource Development Co. (TSE:ERD - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.77 and traded as high as C$0.90. Erdene Resource Development shares last traded at C$0.90, with a volume of 292,099 shares.
Erdene Resource Development Price Performance
The company's 50-day moving average is C$0.78 and its 200-day moving average is C$0.67. The firm has a market capitalization of C$310.94 million, a price-to-earnings ratio of -345.50 and a beta of 1.63.
Insider Buying and Selling at Erdene Resource Development
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. purchased 400,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of C$0.65 per share, for a total transaction of C$259,640.00. Also, Director David Vaughn Mosher sold 200,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of C$0.82, for a total value of C$164,000.00. Insiders have purchased a total of 2,685,500 shares of company stock worth $2,022,378 in the last quarter. 22.51% of the stock is owned by 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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