Entrée Resources (TSE:ETG) Issues Quarterly Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) announced its earnings results on Tuesday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports.

Entrée Resources Price Performance

Shares of ETG opened at C$2.50 on Thursday. Entrée Resources has a one year low of C$1.95 and a one year high of C$3.40. The stock’s fifty day moving average is C$2.68 and its 200-day moving average is C$2.60. The company has a debt-to-equity ratio of -26.05, a quick ratio of 40.62 and a current ratio of 12.25. The firm has a market capitalization of C$521.43 million, a price-to-earnings ratio of -41.67 and a beta of 0.30.

Insider Activity

In other Entrée Resources news, insider Stephen Victor Scott sold 10,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$3.15, for a total transaction of C$31,500.00. Following the sale, the insider directly owned 1,997,959 shares in the company, valued at approximately C$6,293,570.85. The trade was a 0.50% decrease in their position. Also, insider Christopher Adams purchased 19,700 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average price 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 in the company, valued at C$150,000. This represents a 48.88% increase in their position. In the last ninety days, insiders purchased 30,000 shares of company stock valued at $73,500 and sold 35,000 shares valued at $107,100. Corporate 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.