Entree Gold (OTCMKTS:ERLFF) Issues Earnings Results

Entree Gold (OTCMKTS:ERLFF) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.

Entree Gold Stock Up 5.8%

Shares of OTCMKTS ERLFF traded up $0.11 during trading hours on Friday, reaching $2.01. 49,100 shares of the stock traded hands, compared to its average volume of 28,759. The company’s 50-day simple moving average is $1.98 and its two-hundred day simple moving average is $1.74. The company has a market capitalization of $419.23 million, a P/E ratio of -20.10 and a beta of 0.52. Entree Gold has a 52-week low of $1.30 and a 52-week high of $2.47.

About Entree Gold

Entree Gold Inc is a Canada-based mineral exploration company focused on the discovery and development of copper and gold projects. The company’s core strategy centers on advancing high-potential assets in politically stable jurisdictions, with a primary emphasis on strategic partnerships and joint ventures to maximize shareholder value.

A cornerstone of Entree Gold’s portfolio is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia’s South Gobi region. Under this agreement, Entree holds a 20% participating interest in the mineralization adjacent to the giant Oyu Tolgoi copper–gold mine, operated by Rio Tinto.