Entrée Resources (TSE:ETG) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.49 and traded as high as C$2.51. Entrée Resources shares last traded at C$2.36, with a volume of 46,787 shares traded.

Entrée Resources Stock Performance

The firm has a 50 day simple moving average of C$2.44 and a 200-day simple moving average of C$2.49. The company has a debt-to-equity ratio of -26.05, a current ratio of 12.25 and a quick ratio of 40.62. The company has a market cap of C$492.23 million, a price-to-earnings ratio of -39.33 and a beta of 0.62.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) EPS for the quarter.

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. Entree’s good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.

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