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

Key Points

• Shares crossed below its 200-day moving average (200-day MA C$2.46), trading as low as C$2.44 and last at C$2.48 on volume of 47,462 shares, down about 2.7%.
• Entrée shows very strong liquidity (quick ratio 40.62, current ratio 11.61) and a negative debt-to-equity (-26.01) but reported negative quarterly EPS of C($0.04) and a negative P/E of -41.33.
• The company is a Canadian miner with a royalty-like joint venture interest in the large Oyu Tolgoi copper-gold project in Mongolia, which underpins its asset base and growth potential.

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.46 and traded as low as C$2.44. Entrée Resources shares last traded at C$2.48, with a volume of 47,462 shares changing hands.

Entrée Resources Trading Down 2.7%

The company has a quick ratio of 40.62, a current ratio of 11.61 and a debt-to-equity ratio of -26.01. The stock has a market capitalization of C$517.26 million, a P/E ratio of -41.33 and a beta of 0.69. The firm's 50 day simple moving average is C$2.52 and its two-hundred day simple moving average is C$2.46.

Entrée Resources (TSE:ETG - Get Free Report) NYSE: EGI last posted its quarterly earnings results 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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