Entrée Resources (TSE:ETG) Trading Down 6.3% – Time to Sell?

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) fell 6.3% during mid-day trading on Tuesday . The company traded as low as C$2.22 and last traded at C$2.22. 144,545 shares changed hands during trading, an increase of 131% from the average session volume of 62,536 shares. The stock had previously closed at C$2.37.

Analysts Set New Price Targets

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price objective on the stock. in a research report on Tuesday, November 19th.

Entrée Resources Trading Down 0.9 %

The company has a market capitalization of C$449.45 million, a PE ratio of -31.86 and a beta of 1.38. The firm’s 50-day simple moving average is C$2.12 and its 200-day simple moving average is C$1.73.

About Entrée Resources

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.