2176423 Ontario Ltd. Purchases 458,500 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 458,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of C$0.60 per share, with a total value of C$274,962.45.

Erdene Resource Development Stock Performance

Shares of TSE:ERD opened at C$0.62 on Friday. The company has a 50 day moving average of C$0.45 and a 200-day moving average of C$0.43. The firm has a market cap of C$216.15 million, a P/E ratio of -31.00 and a beta of 1.58. Erdene Resource Development Co. has a twelve month low of C$0.26 and a twelve month high of C$0.65. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.

Erdene Resource Development Company Profile

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.