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

Key Points

• Entrée Resources Ltd. (TSE:ETG) saw its share price move above its 200-day moving average of C$2.19, reaching a high of C$2.22 during recent trading.
• The company has a market capitalization of C$454.21 million and a negative P/E ratio of -43.80, indicating a challenging earnings situation.
• Entrée Resources holds a joint venture interest in the Oyu Tolgoi project, a significant copper-gold project in Mongolia, which offers the advantages of both a royalty and a producer.

Entrée Resources Ltd. (TSE:ETG - NYSE: EGI's share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.19 and traded as high as C$2.22. Entrée Resources shares last traded at C$2.19, with a volume of 31,102 shares trading hands.

Entrée Resources Stock Performance

The company has a debt-to-equity ratio of -19.14, a current ratio of 17.51 and a quick ratio of 40.62. The stock has a market capitalization of C$454.21 million, a P/E ratio of -43.80 and a beta of 0.89. The company has a fifty day moving average of C$2.20 and a two-hundred day moving average of C$2.19.

About Entrée Resources

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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