Entrée Resources (TSE:ETG) Insider Buys 8,200 Shares

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

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

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

Entrée Resources Stock Performance

Shares of ETG stock remained flat at C$2.54 during trading on Tuesday. The company had a trading volume of 54,405 shares, compared to its average volume of 103,999. The company has a market cap of C$529.77 million, a price-to-earnings ratio of -35.65 and a beta of 0.30. Entrée Resources Ltd. has a fifty-two week low of C$1.98 and a fifty-two week high of C$3.40. The company has a quick ratio of 40.62, a current ratio of 10.65 and a debt-to-equity ratio of -27.77. The stock’s 50 day simple moving average is C$2.69 and its 200-day simple moving average is C$2.59.

Entrée Resources (TSE:ETG) (NYSE:EGI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.03) 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.