Insider Buying: Entrée Resources (TSE:ETG) Insider Buys C$20,664.00 in Stock

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Christopher Adams acquired 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of C$2.52 per share, with a total value of C$20,664.00. Following the purchase, the insider owned 70,000 shares in the company, valued at C$176,400. The trade was a 13.27% increase in their ownership of the stock.

Christopher Adams also recently made the following trade(s):

• On Friday, August 14th, Christopher Adams acquired 1,800 shares of Entrée Resources stock. The shares were purchased at an average price of C$2.50 per share, for a total transaction of C$4,500.00.
• On Friday, July 31st, Christopher Adams bought 19,700 shares of Entrée Resources stock. The stock was purchased at an average cost of C$2.50 per share, with a total value of C$49,250.00.
• On Thursday, July 30th, Christopher Adams bought 300 shares of Entrée Resources stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$750.00.
• On Wednesday, May 20th, Christopher Adams purchased 10,000 shares of Entrée Resources stock. The shares were purchased at an average cost of C$2.35 per share, for a total transaction of C$23,500.00.

Entrée Resources Stock Performance

Shares of TSE:ETG remained flat at C$2.54 during midday trading on Tuesday. The stock had a trading volume of 54,405 shares, compared to its average volume of 103,999. The business’s 50 day simple moving average is C$2.69 and its 200-day simple moving average is C$2.59. Entrée Resources Ltd. has a 52 week low of C$1.98 and a 52 week high of C$3.40. 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$529.77 million, a PE ratio of -35.65 and a beta of 0.30.

Entrée Resources (TSE:ETG) (NYSE:EGI) last posted its earnings results on Tuesday, August 11th. The company reported C($0.03) 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.