Entrée Resources (OTCMKTS:ERLFF) Trading Up 1.3% – Time to Buy?

Entrée Resources Ltd. (OTCMKTS:ERLFF)’s stock price traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $1.71 and last traded at $1.70. 4,064 shares were traded during trading, a decline of 75% from the average session volume of 16,573 shares. The stock had previously closed at $1.67.

Wall Street Analyst Weigh In

Separately, TD Securities cut shares of Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Stock Performance

The stock has a 50-day moving average of $1.53 and a 200 day moving average of $1.33. The firm has a market capitalization of $343.15 million, a P/E ratio of -33.60 and a beta of 1.12.

Entrée Resources Company Profile

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.