Entrée Resources (TSE:ETG) Stock Passes Above 200 Day Moving Average – Here’s Why

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.61 and traded as high as C$2.22. Entrée Resources shares last traded at C$2.15, with a volume of 14,368 shares.

Entrée Resources Stock Performance

The company has a market cap of C$439.28 million, a PE ratio of -30.86 and a beta of 1.38. The firm’s 50 day moving average is C$1.84 and its 200-day moving average is C$1.62.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C($0.01) EPS for the quarter.

About Entrée Resources

(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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