Entrée Resources (TSE:ETG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.42 and traded as high as C$2.72. Entrée Resources shares last traded at C$2.64, with a volume of 64,238 shares trading hands.

Entrée Resources Price Performance

The firm has a market cap of C$548.86 million, a price-to-earnings ratio of -29.33 and a beta of 0.34. The company has a current ratio of 11.61, a quick ratio of 40.62 and a debt-to-equity ratio of -26.01. The stock’s fifty day moving average price is C$2.74 and its 200-day moving average price is C$2.42.

Entrée Resources (TSE:ETG) (NYSE:EGI) last released its quarterly earnings data on Thursday, March 5th. The company reported C($0.04) EPS for the quarter.

About Entrée Resources

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.