SANDSTORM GOLD LTD. Acquires 817,000 Shares of Entree Resources Ltd (TSE:ETG) Stock

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Entree Resources Ltd (TSE:ETG) (NYSE:EGI) insider SANDSTORM GOLD LTD. bought 817,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average cost of C$0.34 per share, for a total transaction of C$277,780.00. Following the transaction, the insider now directly owns 32,958,880 shares in the company, valued at approximately C$11,206,019.20.

SANDSTORM GOLD LTD. also recently made the following trade(s):

  • On Friday, July 19th, SANDSTORM GOLD LTD. bought 514,000 shares of Entree Resources stock. The shares were bought at an average cost of C$0.36 per share, for a total transaction of C$182,470.00.
  • On Monday, June 24th, SANDSTORM GOLD LTD. bought 13,000 shares of Entree Resources stock. The shares were bought at an average cost of C$0.44 per share, for a total transaction of C$5,720.00.
  • On Tuesday, May 21st, SANDSTORM GOLD LTD. bought 816,000 shares of Entree Resources stock. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$367,200.00.
  • On Friday, May 17th, SANDSTORM GOLD LTD. bought 23,500 shares of Entree Resources stock. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$10,575.00.

Entree Resources stock opened at C$0.34 on Tuesday. The firm has a market cap of $59.46 million and a PE ratio of -12.14. Entree Resources Ltd has a 1-year low of C$0.32 and a 1-year high of C$0.61. The stock has a fifty day simple moving average of C$0.40.

Entree Resources (TSE:ETG) (NYSE:EGI) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C($0.01) earnings per share for the quarter.

Separately, TD Securities cut Turquoise Hill Resources from a “buy” rating to a “speculative buy” rating and dropped their target price for the company from C$4.00 to C$2.25 in a research report on Wednesday, July 17th.

Entree Resources Company Profile

Entrée Resources Ltd., an exploration stage company, engages in the exploration of mineral resource properties located in Mongolia, Peru, Australia, and Canada. Its principal property is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia.

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