Erdene Resource Development Co. (TSE:ERD) Insider Acquires C$67,000.00 in Stock

Posted by Carolyn Dwyer on Mar 1st, 2025

Erdene Resource Development Co. (TSE:ERD – Get Free Report) insider 2176423 Ontario Ltd. purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of C$0.67 per share, with a total value of C$67,000.00.

2176423 Ontario Ltd. also recently made the following trade(s):

On Tuesday, February 25th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.66 per share, with a total value of C$66,480.00.
On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.70 per share, with a total value of C$104,745.00.
On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.75 per share, with a total value of C$133,215.20.
On Wednesday, February 12th, 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.67 per share, with a total value of C$146,089.10.
On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

TSE ERD opened at C$0.68 on Friday. The business has a 50 day simple moving average of C$0.62 and a 200 day simple moving average of C$0.59. Erdene Resource Development Co. has a one year low of C$0.34 and a one year high of C$0.79. The stock has a market capitalization of C$243.04 million, a P/E ratio of -270.04 and a beta of 1.63.

About Erdene Resource Development

(Get Free Report)

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.