Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.20 and traded as high as C$8.50. Erdene Resource Development shares last traded at C$8.01, with a volume of 220,928 shares trading hands.
Erdene Resource Development Stock Performance
The stock has a market capitalization of C$489.12 million, a PE ratio of -44.50 and a beta of 0.98. The stock’s 50 day moving average is C$2.20 and its two-hundred day moving average is C$1.33.
Insiders Place Their Bets
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. bought 100,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The shares were acquired at an average cost of C$0.91 per share, with a total value of C$91,390.00. 22.51% of the stock is owned by company insiders.
About Erdene Resource Development
Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company’s project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke.
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