Entrée Resources (TSE:ETG) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.94 and traded as high as C$2.53. Entrée Resources shares last traded at C$2.52, with a volume of 73,552 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price target on the stock. in a report on Tuesday, November 19th.

Entrée Resources Stock Up 0.4 %

The stock has a market capitalization of C$512.49 million, a PE ratio of -36.00 and a beta of 1.38. The firm’s fifty day moving average price is C$2.32 and its two-hundred day moving average price is C$1.94.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its earnings results on Wednesday, November 6th. The company reported C($0.01) earnings per share for the quarter.

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.