Entrée Resources (TSE:ETG) Shares Cross Below 200 Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.63 and traded as low as C$2.63. Entrée Resources shares last traded at C$2.66, with a volume of 176,403 shares.

Entrée Resources Trading Down 8.0%

The stock has a market cap of C$554.80 million, a PE ratio of -44.33 and a beta of 0.34. The company has a debt-to-equity ratio of -26.05, a quick ratio of 40.62 and a current ratio of 12.25. The company’s 50-day moving average price is C$2.67 and its 200 day moving average price is C$2.63.

Entrée Resources (TSE:ETG) (NYSE:EGI) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) EPS for the quarter.

Insider Buying and Selling

In other news, insider Stephen Victor Scott sold 10,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$3.15, for a total value of C$31,500.00. Following the transaction, the insider owned 1,997,959 shares of the company’s stock, valued at C$6,293,570.85. This represents a 0.50% decrease in their position. Insiders sold a total of 35,000 shares of company stock valued at $107,100 in the last quarter. 43.31% of the stock is owned by insiders.

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.