Entrée Resources (TSE:ETG) Releases Quarterly Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) issued its quarterly earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

Entrée Resources Price Performance

Shares of ETG traded down C$0.11 during trading hours on Thursday, hitting C$2.63. 34,100 shares of the company were exchanged, compared to its average volume of 105,864. The company has a market capitalization of C$548.54 million, a PE ratio of -43.83 and a beta of 0.62. 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 fifty day simple moving average of C$2.45 and a 200-day simple moving average of C$2.48. Entrée Resources has a one year low of C$1.90 and a one year high of C$3.40.

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.