Entrée Resources (TSE:ETG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.94 and traded as high as C$2.53. Entrée Resources shares last traded at C$2.52, with a volume of 73,552 shares.

Wall Street Analyst Weigh In

Separately, TD Securities lowered shares of Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price objective for the company. in a research note on Tuesday, November 19th.

View Our Latest Report on ETG

Entrée Resources Price Performance

The business’s fifty day moving average price is C$2.33 and its 200-day moving average price is C$1.95. The stock has a market capitalization of C$504.36 million, a PE ratio of -35.43 and a beta of 1.38.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last released its quarterly earnings results on Wednesday, November 6th. The company reported C($0.01) EPS for the quarter.

Entrée Resources Company Profile

(Get Free Report)

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.

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