Entrée Resources (TSE:ETG) Stock Breaks Above 200-Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$2.64 and traded as high as C$2.80. Entrée Resources shares last traded at C$2.80, with a volume of 157,264 shares.

Entrée Resources Stock Up 8.5%

The company has a market capitalization of C$585.52 million, a PE ratio of -39.30 and a beta of 0.06. The firm’s 50-day simple moving average is C$2.70 and its 200 day simple moving average is C$2.64. The company has a debt-to-equity ratio of -27.77, a quick ratio of 40.62 and a current ratio of 10.65.

Entrée Resources (TSE:ETG) (NYSE:EGI) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.03) earnings per share for the quarter.

Entrée Resources Company Profile

Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi JV, depending on the depth of mineralization. Royal Gold, Inc (through its wholly owned Canadian subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively.