Entrée Resources (TSE:ETG) Announces Quarterly Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) posted its earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Entrée Resources Price Performance

TSE:ETG traded down C$0.19 during mid-day trading on Friday, hitting C$2.44. 109,750 shares of the company’s stock traded hands, compared to its average volume of 105,906. 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 company has a market cap of C$508.92 million, a PE ratio of -40.67 and a beta of 0.62. The firm’s 50 day simple moving average is C$2.45 and its 200 day simple moving average is C$2.48. Entrée Resources has a 1 year low of C$1.90 and a 1 year high of C$3.40.

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.