Entrée Resources (TSE:ETG) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.37 and traded as high as C$2.85. Entrée Resources shares last traded at C$2.83, with a volume of 24,966 shares traded.

Entrée Resources Stock Up 0.4%

The company has a current ratio of 17.51, a quick ratio of 40.62 and a debt-to-equity ratio of -19.14. The firm’s fifty day moving average price is C$2.59 and its 200-day moving average price is C$2.37. The company has a market cap of C$588.36 million, a price-to-earnings ratio of -31.44 and a beta of 0.87.

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