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Entrée Resources (TSE:ETG) Shares Down 13.5% - Here's Why

Entrée Resources logo with Basic Materials background

Shares of Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI were down 13.5% on Friday . The company traded as low as C$1.90 and last traded at C$1.92. Approximately 264,477 shares traded hands during trading, an increase of 241% from the average daily volume of 77,609 shares. The stock had previously closed at C$2.22.

Entrée Resources Price 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 company has a 50-day simple moving average of C$2.16 and a 200-day simple moving average of C$2.29. The stock has a market cap of C$295.72 million, a PE ratio of -40.59 and a beta of 1.38.

About Entrée Resources

(Get Free Report)

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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