Entrée Resources Ltd. (TSE:ETG – Get Free Report) (NYSE:EGI) insider Christopher Adams acquired 19,700 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of C$2.50 per share, with a total value of C$49,250.00. Following the purchase, the insider owned 60,000 shares of the company’s stock, valued at C$150,000. The trade was a 48.88% increase in their ownership of the stock.
Christopher Adams also recently made the following trade(s):
- On Thursday, July 30th, Christopher Adams bought 300 shares of Entrée Resources stock. The shares were acquired at an average price of C$2.50 per share, with a total value of C$750.00.
- On Wednesday, May 20th, Christopher Adams bought 10,000 shares of Entrée Resources stock. The shares were acquired at an average price of C$2.35 per share, with a total value of C$23,500.00.
Entrée Resources Trading Down 3.6%
Shares of ETG traded down C$0.09 during trading hours on Friday, reaching C$2.42. 101,280 shares of the company traded hands, compared to its average volume of 105,664. The firm has a market cap of C$504.74 million, a price-to-earnings ratio of -40.33 and a beta of 0.34. Entrée Resources Ltd. has a 12-month low of C$1.95 and a 12-month high of C$3.40. The company has a current ratio of 12.25, a quick ratio of 40.62 and a debt-to-equity ratio of -26.05. The stock’s fifty day moving average price is C$2.68 and its 200 day moving average price is C$2.63.
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.
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