Insider Buying: Entrée Resources (TSE:ETG) Director Acquires 10,000 Shares of Stock

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) Director Christopher Adams bought 10,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of C$2.35 per share, with a total value of C$23,500.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at C$23,500. This trade represents a ∞ increase in their ownership of the stock.

Entrée Resources Trading Up 1.6%

ETG stock traded up C$0.04 during mid-day trading on Monday, hitting C$2.50. 4,100 shares of the company were exchanged, compared to its average volume of 102,353. 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 firm has a market capitalization of C$521.43 million, a P/E ratio of -41.67 and a beta of 0.62. The business has a fifty day simple moving average of C$2.43 and a 200-day simple moving average of C$2.49. Entrée Resources Ltd. has a 12-month low of C$1.90 and a 12-month high of C$3.40.

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

Entrée Resources Company Profile

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects – the Oyu Tolgoi project in Mongolia. The company’s interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entree’s good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.