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Entrée Resources (TSE:ETG) Stock Crosses Above 200-Day Moving Average - What's Next?

Entrée Resources logo with Basic Materials background

Key Points

  • Shares of Entrée Resources Ltd. (TSE:ETG) exceeded their 200-day moving average, trading as high as C$2.31, and closing at C$2.28 with a trading volume of 38,290 shares.
  • The company has a debt-to-equity ratio of -19.14, a current ratio of 17.51, and a quick ratio of 40.62, indicating strong liquidity.
  • Entrée Resources is involved in a joint venture for the Oyu Tolgoi copper-gold project in Mongolia, blending the characteristics of a royalty with those of a producer.
  • Interested in Entrée Resources? Here are five stocks we like better.

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.19 and traded as high as C$2.31. Entrée Resources shares last traded at C$2.28, with a volume of 38,290 shares traded.

Entrée Resources Price Performance

The firm has a market cap of C$466.65 million, a price-to-earnings ratio of -45.00 and a beta of 0.89. 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's 50-day moving average price is C$2.24 and its 200-day moving average price is C$2.19.

About Entrée Resources

(Get Free Report)

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.

See Also

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