Entrée Resources (TSE:ETG) Insider Stephen Victor Scott Sells 20,000 Shares of Stock

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Stephen Victor Scott sold 20,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of C$3.00, for a total value of C$60,000.00. Following the transaction, the insider directly owned 2,007,959 shares in the company, valued at C$6,023,877. The trade was a 0.99% decrease in their ownership of the stock.

Entrée Resources Trading Up 14.5%

Shares of TSE:ETG opened at C$3.08 on Wednesday. The stock’s 50-day simple moving average is C$2.52 and its two-hundred day simple moving average is C$2.53. Entrée Resources Ltd. has a 52-week low of C$1.95 and a 52-week high of C$3.40. 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 stock has a market capitalization of C$642.40 million, a price-to-earnings ratio of -51.33 and a beta of 0.40.

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