Entrée Resources (TSE:ETG) Announces Quarterly Earnings Results

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

Entrée Resources Stock Down 2.3%

ETG stock traded down C$0.06 during trading on Tuesday, reaching C$2.52. The stock had a trading volume of 87,575 shares, compared to its average volume of 104,729. The company has a market capitalization 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. The company’s 50 day moving average is C$2.69 and its two-hundred day moving average is C$2.61. Entrée Resources has a one year low of C$1.95 and a one year high of C$3.40.

Insider Transactions at Entrée Resources

In other news, insider Christopher Adams acquired 19,700 shares of Entrée Resources stock in a transaction on 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 in the company, valued at approximately C$150,000. This trade represents a 48.88% increase in their ownership of the stock. Also, insider Stephen Victor Scott sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of C$3.00, for a total transaction of C$60,000.00. Following the sale, the insider directly owned 2,007,959 shares in the company, valued at approximately C$6,023,877. This trade represents a 0.99% decrease in their ownership of the stock. Over the last three months, insiders purchased 30,000 shares of company stock worth $73,500 and sold 35,000 shares worth $107,100. 43.31% of the stock is currently owned by insiders.

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.