Entree Gold (OTCMKTS:ERLFF) Shares Climb 7.9% – What’s Next?

Entree Gold Inc (OTCMKTS:ERLFF)’s stock price shot up 7.9% during trading on Wednesday. The company traded as high as $1.99 and last traded at $1.99. Approximately 6,210 shares changed hands during trading, a decline of 61% from the average session volume of 16,117 shares. The stock had previously closed at $1.8435.

Entree Gold Stock Up 7.9%

The firm has a 50-day moving average price of $1.92 and a 200 day moving average price of $1.90. The firm has a market capitalization of $416.53 million, a PE ratio of -28.43 and a beta of 0.72.

Entree Gold (OTCMKTS:ERLFF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter.

About Entree Gold

Entrée Resources Ltd., formerly known as Entree Gold Inc, is a mineral exploration and development company focused on copper and gold properties. The company’s principal asset is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia, which includes portions of the Hugo North Extension and Heruga copper-gold deposits.

The Oyu Tolgoi project is located in Mongolia’s South Gobi region and is operated by Rio Tinto through its ownership and management of Oyu Tolgoi LLC. Entrée Resources holds a participating interest in certain joint-venture property areas and is entitled to potential production and other benefits from minerals extracted from those areas, subject to the applicable joint-venture arrangements.

The company’s activities include mineral exploration, project development and participation in technical and operational planning related to its Mongolian assets.