Shares of Entrée Resources Ltd. (TSE:ETG – Get Free Report) (NYSE:EGI) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$2.64 and traded as low as C$2.57. Entrée Resources shares last traded at C$2.60, with a volume of 62,952 shares trading hands.
Entrée Resources Trading Up 0.4%
The company has a market cap of C$549.97 million, a price-to-earnings ratio of -36.91 and a beta of 0.06. The business’s fifty day moving average price is C$2.70 and its 200 day moving average price is C$2.64. The company has a debt-to-equity ratio of -27.77, a current ratio of 10.65 and a quick ratio of 40.62.
Entrée Resources (TSE:ETG – Get Free Report) (NYSE:EGI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.03) earnings per share for the quarter.
Insider Activity at Entrée Resources
In related news, insider Christopher Adams acquired 19,700 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly 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. In the last 90 days, insiders bought 30,000 shares of company stock valued at $75,164. Insiders own 43.31% of the company’s stock.
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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