Entrée Resources (TSE:ETG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.44 and traded as low as C$2.33. Entrée Resources shares last traded at C$2.34, with a volume of 4,853 shares traded.

Entrée Resources Stock Up 0.4%

The company has a debt-to-equity ratio of -26.01, a quick ratio of 40.62 and a current ratio of 11.61. The firm’s 50-day moving average is C$2.59 and its two-hundred day moving average is C$2.44. The stock has a market cap of C$488.06 million, a P/E ratio of -39.00 and a beta of 0.69.

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