Insider Buying: Entrée Resources (TSE:ETG) Insider Purchases C$20,664.00 in Stock

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Christopher Adams acquired 8,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of C$2.52 per share, with a total value of C$20,664.00. Following the completion of the purchase, the insider owned 70,000 shares of the company’s stock, valued at C$176,400. This trade represents a 13.27% increase in their ownership of the stock.

Christopher Adams also recently made the following trade(s):

• On Friday, August 14th, Christopher Adams acquired 1,800 shares of Entrée Resources stock. The stock was bought at an average price of C$2.50 per share, with a total value of C$4,500.00.
• On Friday, July 31st, Christopher Adams bought 19,700 shares of Entrée Resources stock. The stock was bought at an average cost of C$2.50 per share, for a total transaction of C$49,250.00.
• On Thursday, July 30th, Christopher Adams bought 300 shares of Entrée Resources stock. The shares were bought at an average price of C$2.50 per share, for a total transaction of C$750.00.
• On Wednesday, May 20th, Christopher Adams bought 10,000 shares of Entrée Resources stock. The shares were bought at an average price of C$2.35 per share, for a total transaction of C$23,500.00.

Entrée Resources Price Performance

Entrée Resources stock opened at C$2.57 on Friday. The company has a current ratio of 10.65, a quick ratio of 40.62 and a debt-to-equity ratio of -27.77. The firm has a market capitalization of C$537.43 million, a P/E ratio of -36.07 and a beta of 0.30. The business has a 50-day moving average of C$2.71 and a 200-day moving average of C$2.58. Entrée Resources Ltd. has a 1 year low of C$1.98 and a 1 year high of C$3.40.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C($0.03) earnings per share for the quarter.

About Entrée Resources

Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi JV, depending on the depth of mineralization. Royal Gold, Inc (through its wholly owned Canadian subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively.