Entrée Resources (TSE:ETG) Insider Christopher Adams Purchases 19,700 Shares

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Christopher Adams purchased 19,700 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of C$2.50 per share, with a total value of C$49,250.00. Following the purchase, the insider directly owned 60,000 shares of the company’s stock, valued at approximately C$150,000. This represents a 48.88% increase in their position.

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

• On Thursday, July 30th, Christopher Adams acquired 300 shares of Entrée Resources stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of C$2.35 per share, for a total transaction of C$23,500.00.

Entrée Resources Stock Performance

ETG opened at C$2.42 on Monday. The company has a quick ratio of 40.62, a current ratio of 12.25 and a debt-to-equity ratio of -26.05. The stock’s fifty day moving average is C$2.68 and its two-hundred day moving average is C$2.63. The company has a market capitalization of C$504.74 million, a P/E ratio of -40.33 and a beta of 0.34. Entrée Resources Ltd. has a 52 week low of C$1.95 and a 52 week high of C$3.40.

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