Entrée Resources (TSE:ETG) Shares Pass Above 200-Day Moving Average – Here’s Why

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.25 and traded as high as C$2.32. Entrée Resources shares last traded at C$2.32, with a volume of 75,060 shares.

Entrée Resources Stock Up 0.4%

The business has a 50-day moving average of C$2.31 and a 200-day moving average of C$2.25. The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51. The stock has a market capitalization of C$482.33 million, a price-to-earnings ratio of -46.40 and a beta of 0.83.

Entrée Resources (TSE:ETG) (NYSE:EGI) last posted its earnings results on Tuesday, November 4th. The company reported C($0.02) EPS for the quarter.

Entrée Resources Company Profile

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.