Entrée Resources (TSE:ETG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.19 and traded as high as C$2.29. Entrée Resources shares last traded at C$2.23, with a volume of 24,370 shares trading hands.

Analysts Set New Price Targets

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

Entrée Resources Stock Up 2.3 %

The firm has a market cap of C$326.46 million, a PE ratio of -44.81 and a beta of 1.38. The company has a 50-day simple moving average of C$2.50 and a 200-day simple moving average of C$2.19. The company has a debt-to-equity ratio of -19.14, a current ratio of 17.51 and a quick ratio of 40.62.

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.