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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.22 and traded as high as C$2.25. Entrée Resources shares last traded at C$2.21, with a volume of 84,381 shares changing hands.

Entrée Resources Trading Down 0.9 %

The firm’s 50-day moving average price is C$2.44 and its 200-day moving average price is C$2.23. The company has a market cap of C$311.82 million, a P/E ratio of -42.80 and a beta of 1.38. The company has a quick ratio of 40.62, a current ratio of 17.51 and a debt-to-equity ratio of -19.14.

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.