Entrée Resources (TSE:ETG) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$2.55 and traded as high as C$2.77. Entrée Resources shares last traded at C$2.72, with a volume of 30,623 shares.

Entrée Resources Price Performance

The company has a debt-to-equity ratio of -27.77, a current ratio of 10.65 and a quick ratio of 40.62. The firm has a market cap of C$581.34 million, a price-to-earnings ratio of -39.02 and a beta of 0.32. The stock has a 50-day moving average price of C$2.57 and a 200 day moving average price of C$2.55.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its earnings results on Tuesday, August 11th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Insider Activity at Entrée Resources

In other news, insider Christopher Adams acquired 19,700 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of C$2.50 per share, with a total value of C$49,250.00. Following the completion of the acquisition, the insider owned 60,000 shares of the company’s stock, valued at C$150,000. The trade was a 48.88% increase in their ownership of the stock. Also, insider Stephen Victor Scott sold 10,000 shares of the firm’s 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 transaction, the insider owned 1,997,959 shares in the company, valued at approximately C$6,293,570.85. This trade represents a 0.50% decrease in their ownership of the stock. Over the last three months, insiders bought 30,000 shares of company stock valued at $75,164 and sold 35,000 shares valued at $107,100. 43.31% of the stock is currently owned by corporate insiders.

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.