Entrée Resources (TSE:ETG) Insider Sells C$31,500.00 in Stock

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Stephen Victor Scott sold 10,000 shares of Entrée Resources stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$3.15, for a total transaction of C$31,500.00. Following the completion of the sale, the insider directly owned 1,997,959 shares of the company’s stock, valued at approximately C$6,293,570.85. This trade represents a 0.50% decrease in their position.

Stephen Victor Scott also recently made the following trade(s):

• On Monday, July 6th, Stephen Victor Scott sold 5,000 shares of Entrée Resources stock. The shares were sold at an average price of C$3.12, for a total value of C$15,600.00.
• On Tuesday, June 30th, Stephen Victor Scott sold 20,000 shares of Entrée Resources stock. The shares were sold at an average price of C$3.00, for a total transaction of C$60,000.00.

Entrée Resources Stock Performance

Shares of TSE:ETG traded down C$0.08 during midday trading on Wednesday, hitting C$3.02. The company had a trading volume of 200,200 shares, compared to its average volume of 109,884. 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 company has a fifty day moving average of C$2.58 and a two-hundred day moving average of C$2.56. The company has a market cap of C$629.89 million, a price-to-earnings ratio of -50.33 and a beta of 0.34. Entrée Resources Ltd. has a 12-month low of C$1.95 and a 12-month 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.