Entrée Resources (TSE:ETG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.24 and traded as low as C$2.02. Entrée Resources shares last traded at C$2.03, with a volume of 44,399 shares trading hands.

Entrée Resources Stock Performance

The stock has a market cap of C$422.04 million, a PE ratio of -22.56 and a beta of 0.83. The company has a quick ratio of 40.62, a current ratio of 17.51 and a debt-to-equity ratio of -19.14. The firm has a 50 day moving average price of C$2.27 and a 200 day moving average price of C$2.24.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter.

Entrée Resources Company Profile

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.