Entree Gold (OTCMKTS:ERLFF) Shares Down 0.6% – Here’s Why

Entree Gold Inc (OTCMKTS:ERLFF)’s stock price was down 0.6% during trading on Tuesday . The company traded as low as $1.6880 and last traded at $1.69. 23,855 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 23,301 shares. The stock had previously closed at $1.70.

Entree Gold Price Performance

The firm’s 50 day simple moving average is $1.93 and its two-hundred day simple moving average is $1.86. The firm has a market capitalization of $368.05 million, a P/E ratio of -25.14 and a beta of 0.53.

Entree Gold (OTCMKTS:ERLFF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter.

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.