Entrée Resources Ltd. (TSE:ETG – Get Free Report) (NYSE:EGI)’s stock price was down 9.6% during trading on Tuesday. The stock traded as low as C$2.74 and last traded at C$2.74. 97,255 shares changed hands during trading, a decline of 1% from the average session volume of 98,504 shares. The stock had previously closed at C$3.03.
Entrée Resources Price Performance
The company has a current ratio of 10.65, a quick ratio of 40.62 and a debt-to-equity ratio of -27.77. The company has a market cap of C$566.70 million, a PE ratio of -38.03 and a beta of 0.06. The firm has a 50 day moving average of C$2.67 and a two-hundred day moving average of C$2.62.
Entrée Resources (TSE:ETG – Get Free Report) (NYSE:EGI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C($0.03) earnings per share (EPS) for the quarter.
Insider Transactions at Entrée Resources
In related news, insider Christopher Adams bought 19,700 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$2.50 per share, with a total value of C$49,250.00. Following the transaction, the insider owned 60,000 shares in the company, valued at approximately C$150,000. This trade represents a 48.88% increase in their position. Insiders have purchased a total of 30,000 shares of company stock valued at $75,164 in the last 90 days. Company insiders own 43.31% of the company’s stock.
Entrée Resources Company Profile
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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