Entrée Resources (TSE:ETG) Posts Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) released its quarterly earnings results on Tuesday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports.

Entrée Resources Price Performance

Entrée Resources stock opened at C$2.52 on Wednesday. The business has a 50-day simple moving average of C$2.68 and a 200 day simple moving average of C$2.61. Entrée Resources has a 52 week low of C$1.95 and a 52 week high of C$3.40. The stock has a market cap of C$525.60 million, a price-to-earnings ratio of -42.00 and a beta of 0.30. The company has a quick ratio of 40.62, a current ratio of 12.25 and a debt-to-equity ratio of -26.05.

Insider Transactions at Entrée Resources

In related news, insider Stephen Victor Scott sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$3.15, for a total value of C$31,500.00. Following the transaction, the insider directly owned 1,997,959 shares in the company, valued at approximately C$6,293,570.85. This represents a 0.50% decrease in their ownership of the stock. Also, insider Christopher Adams acquired 19,700 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of C$2.50 per share, for a total transaction of C$49,250.00. Following the completion of the transaction, 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 position. In the last quarter, insiders have bought 30,000 shares of company stock valued at $73,500 and have sold 35,000 shares valued at $107,100. Company insiders own 43.31% of the company’s stock.

Entrée Resources Company Profile

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.