Shares of Entrée Resources Ltd. (TSE:ETG – Get Free Report) (NYSE:EGI) shot up 17.1% during trading on Tuesday . The company traded as high as C$3.17 and last traded at C$3.15. 434,991 shares changed hands during trading, an increase of 308% from the average daily volume of 106,581 shares. The stock had previously closed at C$2.69.
Entrée Resources Price Performance
The company’s 50-day moving average price is C$2.51 and its two-hundred day moving average price is C$2.52. The company has a debt-to-equity ratio of -26.05, a current ratio of 12.25 and a quick ratio of 40.62. The company has a market capitalization of C$650.74 million, a P/E ratio of -52.00 and a beta of 0.40.
Entrée Resources (TSE:ETG – Get Free Report) (NYSE:EGI) last announced its earnings results on Thursday, May 14th. The company reported C($0.01) EPS for the quarter.
About Entrée Resources
Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi JV, depending on the depth of mineralization. Royal Gold, Inc (through its wholly owned Canadian subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively.
Further Reading
- Five stocks we like better than Entrée Resources
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
- These 3 Dividend Stocks Could Boost Your Income This July
- Rocket Lab Defies Gravity With $8B Buyout
- Even CEOs Need Cash: Insider Selling Is Not the Only Signal in AI Stocks
Receive News & Ratings for Entrée Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entrée Resources and related companies with MarketBeat.com's FREE daily email newsletter.
