Entrée Resources (TSE:ETG) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Shares fell below their 200‑day moving average: Entrée stock traded as low as C$2.33 and last at C$2.34 versus a 200‑day MA of C$2.44, with the 50‑day MA at C$2.59, indicating recent downside pressure.
• The company remains unprofitable (quarterly EPS C($0.04), P/E -39) with a market cap of C$488.06 million and a beta of 0.69.
• Strong liquidity and strategic asset: Entrée reports very high ratios (quick ratio 40.62, current ratio 11.61, debt‑to‑equity -26.01) and holds a royalty‑like joint‑venture interest in the Oyu Tolgoi copper‑gold project in Mongolia.

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.44 and traded as low as C$2.33. Entrée Resources shares last traded at C$2.34, with a volume of 4,853 shares traded.

Entrée Resources Stock Up 0.4%

The company has a debt-to-equity ratio of -26.01, a quick ratio of 40.62 and a current ratio of 11.61. The firm's 50-day moving average is C$2.59 and its two-hundred day moving average is C$2.44. The stock has a market cap of C$488.06 million, a P/E ratio of -39.00 and a beta of 0.69.

Entrée Resources (TSE:ETG - Get Free Report) NYSE: EGI last posted its quarterly earnings data on Thursday, March 5th. The company reported C($0.04) earnings per share for the quarter.

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. Entree's good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.

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