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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.42 and traded as high as C$2.72. Entrée Resources shares last traded at C$2.64, with a volume of 64,238 shares changing hands.

Entrée Resources Price Performance

The company has a debt-to-equity ratio of -26.01, a current ratio of 11.61 and a quick ratio of 40.62. The firm has a market capitalization of C$525.99 million, a PE ratio of -28.11 and a beta of 0.34. The business’s 50 day moving average is C$2.76 and its two-hundred day moving average is C$2.42.

Entrée Resources (TSE:ETG) (NYSE:EGI) last posted its quarterly earnings data on Thursday, March 5th. The company reported C($0.04) earnings per share (EPS) 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.