Entrée Resources (TSE:ETG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.35 and traded as high as C$2.94. Entrée Resources shares last traded at C$2.82, with a volume of 310,769 shares traded.

Entrée Resources Trading Up 0.4%

The firm has a market cap of C$588.36 million, a P/E ratio of -31.44 and a beta of 0.87. The business’s 50 day moving average is C$2.54 and its 200-day moving average is C$2.35. 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 (TSE:ETG) (NYSE:EGI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter.

About Entrée Resources

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects – the Oyu Tolgoi project in Mongolia. The company’s interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entree’s good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.