Entrée Resources Ltd. (TSE:ETG – Get Free Report) (NYSE:EGI)’s stock price dropped 9.6% during mid-day trading on Tuesday. The stock traded as low as C$2.74 and last traded at C$2.74. Approximately 97,255 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 98,504 shares. The stock had previously closed at C$3.03.
Entrée Resources Trading Down 10.6%
The stock has a 50 day moving average of C$2.67 and a 200 day moving average of C$2.62. 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$566.70 million, a P/E ratio of -38.03 and a beta of 0.06.
Entrée Resources (TSE:ETG – Get Free Report) (NYSE:EGI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C($0.03) earnings per share (EPS) for the quarter.
Insider Buying and Selling at Entrée Resources
In other Entrée Resources news, insider Christopher Adams acquired 19,700 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of C$2.50 per share, with a total value of C$49,250.00. Following the purchase, the insider owned 60,000 shares of the company’s stock, valued at approximately C$150,000. This trade represents a 48.88% increase in their ownership of the stock. In the last three months, insiders have purchased 30,000 shares of company stock valued at $75,164. 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.
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