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

Key Points

• Entrée Resources Ltd. shares fell below their 200-day moving average of C$2.26, with the stock trading as low as C$2.06 before settling at C$2.09.
• The company's market capitalization stands at C$305.97 million, with a negative P/E ratio of -42.00 and a high beta of 1.38.
• Entrée Resources is focused on the exploration and development of mineral properties in Canada, with significant joint ventures in Mongolia, particularly the Hugo North Extension copper-gold deposit.

Entrée Resources Ltd. (TSE:ETG - NYSE: EGI shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.26 and traded as low as C$2.06. Entrée Resources shares last traded at C$2.09, with a volume of 124,412 shares trading hands.

Entrée Resources Stock Down 1.9%

The firm has a market capitalization of C$305.97 million, a P/E ratio of -42.00 and a beta of 1.38. The firm's 50-day moving average is C$2.23 and its 200 day moving average is C$2.26. The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51.

About Entrée Resources

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.

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