Entrée Resources (TSE:ETG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.30 and traded as high as C$3.15. Entrée Resources shares last traded at C$3.03, with a volume of 161,797 shares changing hands.

Entrée Resources Price Performance

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 company’s fifty day moving average price is C$2.34 and its 200 day moving average price is C$2.30. The company has a market capitalization of C$629.94 million, a P/E ratio of -33.67 and a beta of 0.91.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share (EPS) for the quarter.

Entrée Resources Company Profile

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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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