Entrée Resources (TSE:ETG) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Entrée Resources Ltd. (TSE:ETG) saw its share price cross above the 200-day moving average, reaching highs of C$2.26 during recent trading.
• The company has a market capitalization of C$456.28 million and a negative PE ratio of -44.00, indicating potential concerns about profitability.
• Entrée Resources holds a joint venture interest in the significant Oyu Tolgoi copper-gold project in Mongolia, which gives it royalty-like benefits as a producer.

Shares of Entrée Resources Ltd. (TSE:ETG - NYSE: EGI crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.19 and traded as high as C$2.26. Entrée Resources shares last traded at C$2.20, with a volume of 44,427 shares changing hands.

Entrée Resources Stock Down 0.9%

The company has a quick ratio of 40.62, a current ratio of 17.51 and a debt-to-equity ratio of -19.14. The company has a market capitalization of C$456.28 million, a PE ratio of -44.00 and a beta of 0.89. The business's 50 day simple moving average is C$2.23 and its 200 day simple moving average is C$2.19.

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.

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