Entrée Resources (TSE:ETG) Insider Christopher Adams Acquires 19,700 Shares

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) insider Christopher Adams bought 19,700 shares of Entrée Resources stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of C$2.50 per share, with a total value of C$49,250.00. Following the purchase, the insider directly owned 60,000 shares in the company, valued at C$150,000. The trade was a 48.88% increase in their ownership of the stock.

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

• On Thursday, July 30th, Christopher Adams purchased 300 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$750.00.
• On Wednesday, May 20th, Christopher Adams acquired 10,000 shares of Entrée Resources stock. The stock was 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 traded down C$0.09 during trading on Friday, hitting C$2.42. The stock had a trading volume of 101,280 shares, compared to its average volume of 105,664. The company has a quick ratio of 40.62, a current ratio of 12.25 and a debt-to-equity ratio of -26.05. Entrée Resources Ltd. has a 12-month low of C$1.95 and a 12-month high of C$3.40. The stock has a market capitalization of C$504.74 million, a price-to-earnings ratio of -40.33 and a beta of 0.34. The stock has a 50-day simple moving average of C$2.68 and a two-hundred day simple moving average of C$2.63.

Entrée Resources (TSE:ETG) (NYSE:EGI) last issued 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.