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

Entrée Resources logo with Basic Materials background

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI's share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.29 and traded as high as C$2.60. Entrée Resources shares last traded at C$2.51, with a volume of 101,649 shares trading hands.

Entrée Resources Stock Performance

The stock has a market cap of C$364.52 million, a PE ratio of -50.03 and a beta of 1.38. 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 firm has a 50 day moving average price of C$2.23 and a 200 day moving average price of C$2.30.

Entrée Resources Company Profile

(Get Free Report)

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.

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