2176423 Ontario Ltd. Acquires 400,000 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 400,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Price Performance

TSE:ERD remained flat at C$0.68 on Tuesday. 258,107 shares of the company’s stock were exchanged, compared to its average volume of 160,736. 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$237.07 million, a P/E ratio of -34.00 and a beta of 1.63. Erdene Resource Development Co. has a 52-week low of C$0.29 and a 52-week high of C$0.79. The stock’s fifty day simple moving average is C$0.58 and its two-hundred day simple moving average is C$0.56.

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.