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

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

Entrée Resources Stock Up 14.5%

Shares of ETG stock traded up C$0.39 during mid-day trading on Tuesday, hitting C$3.08. 501,701 shares of the stock traded hands, compared to its average volume of 107,204. The company has a debt-to-equity ratio of -26.05, a current ratio of 12.25 and a quick ratio of 40.62. The stock has a market cap of C$642.40 million, a P/E ratio of -51.33 and a beta of 0.40. The stock’s fifty day moving average is C$2.52 and its two-hundred day 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.

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