Entree Resources Ltd (TSE:ETG) (NYSE:EGI) reached a new 52-week low during trading on Thursday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 77500 shares trading hands. The stock had previously closed at C$0.43.
Separately, TD Securities dropped their target price on Entree Resources from C$0.70 to C$0.65 and set a “hold” rating on the stock in a research report on Thursday, April 4th.
The stock has a market cap of $75.20 million and a P/E ratio of -13.33.
In other news, insider SANDSTORM GOLD LTD. acquired 816,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$367,200.00. Following the acquisition, the insider now owns 32,043,880 shares in the company, valued at approximately C$14,419,746.
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About Entree Resources (TSE:ETG)
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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