Entrée Resources (TSE:ETG) Insider Stephen Victor Scott Sells 20,000 Shares

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Stephen Victor Scott sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of C$3.00, for a total value of C$60,000.00. Following the completion of the sale, the insider owned 2,007,959 shares of the company’s stock, valued at approximately C$6,023,877. This represents a 0.99% decrease in their ownership of the stock.

Entrée Resources Trading Up 14.5%

Shares of ETG traded up C$0.39 during midday trading on Tuesday, hitting C$3.08. The stock had a trading volume of 501,701 shares, compared to its average volume of 107,204. The stock’s 50 day moving average is C$2.52 and its 200 day moving average is C$2.53. The firm has a market cap of C$642.40 million, a PE ratio of -51.33 and a beta of 0.40. The company has a debt-to-equity ratio of -26.05, a current ratio of 12.25 and a quick ratio of 40.62. Entrée Resources Ltd. has a 1 year low of C$1.95 and a 1 year high of C$3.40.

Entrée Resources (TSE:ETG) (NYSE:EGI) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) EPS 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.