Entrée Resources (TSE:ETG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.99 and traded as high as C$2.59. Entrée Resources shares last traded at C$2.56, with a volume of 25,271 shares changing hands.

Analyst Ratings Changes

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

Entrée Resources Stock Performance

The company has a market capitalization of C$520.63 million, a P/E ratio of -36.57 and a beta of 1.38. The stock’s fifty day moving average price is C$2.38 and its 200-day moving average price is C$1.99.

Entrée Resources (TSE:ETG) (NYSE:EGI) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.01) earnings per share (EPS) 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.