Erdene Resource Development Co. (TSE:ERD - Get Free Report) shot up 1.8% during trading on Monday . The stock traded as high as C$0.58 and last traded at C$0.58. 38,879 shares were traded during mid-day trading, a decline of 75% from the average session volume of 156,049 shares. The stock had previously closed at C$0.57.
Erdene Resource Development Price Performance
The stock's 50 day moving average is C$0.65 and its two-hundred day moving average is C$0.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 8.64. The stock has a market capitalization of C$198.72 million, a PE ratio of -28.50 and a beta of 1.63.
Insider Transactions at Erdene Resource Development
In related news, insider 2176423 Ontario Ltd. acquired 234,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of C$0.67 per share, with a total value of C$157,271.40. Insiders own 22.51% of the company's stock.
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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