Entrée Resources (TSE:ETG) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Entrée Resources Ltd. (TSE:ETG) stock has crossed above its two hundred-day moving average, indicating a potential upward trend, as it traded at C$2.31.
• The company has a market capitalization of C$335.25 million and a notable debt-to-equity ratio of -19.14, suggesting a low level of debt.
• Entrée Resources is primarily focused on the exploration and development of mineral properties in Canada, with major assets in Mongolia, including a joint venture involving copper and gold deposits.

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI's share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.29 and traded as high as C$2.31. Entrée Resources shares last traded at C$2.29, with a volume of 43,570 shares changing hands.

Entrée Resources Trading Down 3.5%

The firm has a market capitalization of C$322.07 million, a PE ratio of -44.21 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 stock's fifty day simple moving average is C$2.25 and its 200 day simple moving average is C$2.27.

Entrée Resources Company Profile

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.