Key Points
- Insider selling: Entrée Resources insider Stephen Victor Scott sold 20,000 shares on June 30 at an average price of C$3.00, generating C$60,000. After the sale, he still held 2,007,959 shares.
- Stock and valuation metrics: Shares opened at C$3.08, near the company’s 12-month high of C$3.40. Entrée Resources has a market cap of C$642.4 million and currently trades at a negative P/E ratio.
- Business overview: Entrée Resources is a Canadian mining company with a carried joint venture interest in the Oyu Tolgoi copper-gold project in Mongolia. Major shareholders include Royal Gold and Rio Tinto.
Entrée Resources Ltd. (TSE:ETG - Get Free Report) (NYSE:EGI) insider Stephen Victor Scott sold 20,000 shares of Entrée Resources stock in a transaction on 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 completion of the sale, the insider owned 2,007,959 shares in the company, valued at approximately C$6,023,877. This represents a 0.99% decrease in their ownership of the stock.
Entrée Resources Price Performance
Shares of Entrée Resources stock opened at C$3.08 on Wednesday. The company has a current ratio of 12.25, a quick ratio of 40.62 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 50 day moving average of C$2.52 and a 200 day moving average of C$2.53. The firm has a market cap of C$642.40 million, a PE ratio of -51.33 and a beta of 0.40.
Entrée Resources (TSE:ETG - Get Free Report) (NYSE:EGI) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) EPS for the quarter.
About Entrée Resources
(
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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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