Insider Buying: Entrée Resources (TSE:ETG) Insider Buys C$49,250.00 in Stock

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI) insider Christopher Adams purchased 19,700 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of C$2.50 per share, for a total transaction of C$49,250.00. Following the purchase, the insider owned 60,000 shares in the company, valued at C$150,000. This represents 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 purchased 300 shares of Entrée Resources stock. The stock was 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 acquired 10,000 shares of Entrée Resources stock. The shares were bought at an average price of C$2.35 per share, with a total value of C$23,500.00.

Entrée Resources Stock Up 0.8%

Shares of TSE ETG opened at C$2.44 on Wednesday. The stock has a market cap of C$508.92 million, a PE ratio of -40.67 and a beta of 0.34. The business has a fifty day moving average of C$2.68 and a two-hundred day moving average of C$2.63. Entrée Resources Ltd. has a 52-week low of C$1.95 and a 52-week high of C$3.40. The company has a debt-to-equity ratio of -26.05, a quick ratio of 40.62 and a current ratio of 12.25.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last posted its earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share for the quarter.

About Entrée Resources

(Get Free Report)

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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