Erdene Resource Development Co. (TSE:ERD - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.56 and traded as high as C$0.70. Erdene Resource Development shares last traded at C$0.67, with a volume of 320,773 shares traded.
Erdene Resource Development Stock Performance
The company's 50 day moving average price is C$0.56 and its 200 day moving average price is C$0.47. 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 firm has a market cap of C$233.58 million, a PE ratio of -33.50 and a beta of 1.63.
Insider Buying and Selling
In related news, insider 2176423 Ontario Ltd. acquired 234,000 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average price of C$0.67 per share, for a total transaction of C$157,271.40. 22.51% of the stock is currently 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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