Entrée Resources (TSE:ETG) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.34 and traded as high as C$2.90. Entrée Resources shares last traded at C$2.78, with a volume of 63,455 shares changing hands.

Entrée Resources Trading Down 2.8%

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 stock’s 50 day moving average is C$2.50 and its 200-day moving average is C$2.34. The company has a market cap of C$577.96 million, a PE ratio of -30.89 and a beta of 0.87.

Entrée Resources (TSE:ETG) (NYSE:EGI) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) EPS 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.