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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.35 and traded as high as C$2.94. Entrée Resources shares last traded at C$2.82, with a volume of 310,769 shares.

Entrée Resources Price Performance

The company has a debt-to-equity ratio of -19.14, a current ratio of 17.51 and a quick ratio of 40.62. The stock has a fifty day simple moving average of C$2.53 and a 200-day simple moving average of C$2.35. The company has a market capitalization of C$586.28 million, a price-to-earnings ratio of -31.33 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.

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.