Entrée Resources (TSE:ETG) Shares Pass Above 200 Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.20 and traded as high as C$2.33. Entrée Resources shares last traded at C$2.28, with a volume of 35,973 shares traded.

Entrée Resources Price Performance

The company has a 50-day moving average of C$2.20 and a 200 day moving average of C$2.20. The firm has a market cap of C$472.87 million, a P/E ratio of -45.60 and a beta of 0.99. The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51.

About Entrée Resources

(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.

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