Entrée Resources (TSE:ETG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.15 and traded as high as C$2.35. Entrée Resources shares last traded at C$2.22, with a volume of 239,825 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities lowered Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price objective for the company. in a research note on Tuesday, November 19th.

Entrée Resources Price Performance

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 stock has a market capitalization of C$335.25 million, a price-to-earnings ratio of -46.02 and a beta of 1.38. The stock has a 50-day moving average price of C$2.53 and a 200 day moving average price of C$2.16.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.