Christopher Adams Buys 10,000 Shares of Entrée Resources (TSE:ETG) Stock

Key Points

  • Director Christopher Adams bought 10,000 shares of Entrée Resources on May 20 at C$2.35 per share, a transaction worth C$23,500.
  • After the purchase, Adams now directly owns 10,000 shares in the company, representing a meaningful increase in his stake.
  • Entrée Resources recently reported a small quarterly loss of C($0.01) per share and continues to be tied to the Oyu Tolgoi copper-gold project in Mongolia.

Entrée Resources Ltd. (TSE:ETG - Get Free Report) (NYSE:EGI) Director Christopher Adams acquired 10,000 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$2.35 per share, for a total transaction of C$23,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately C$23,500. The trade was a ∞ increase in their ownership of the stock.

Entrée Resources Price Performance

Entrée Resources stock opened at C$2.50 on Tuesday. Entrée Resources Ltd. has a 52 week low of C$1.90 and a 52 week high of C$3.40. The company's 50 day moving average price is C$2.43 and its two-hundred day moving average price is C$2.49. 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 stock has a market cap of C$521.43 million, a P/E ratio of -41.67 and a beta of 0.62.

Entrée Resources (TSE:ETG - Get Free Report) (NYSE:EGI) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Entrée Resources Company Profile

(Get Free Report)

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.

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