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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.24 and traded as high as C$2.31. Entrée Resources shares last traded at C$2.26, with a volume of 54,600 shares traded.

Entrée Resources Stock Down 3.0%

The company has a market cap of C$465.49 million, a P/E ratio of -45.20 and a beta of 1.03. The stock has a 50-day moving average of C$2.28 and a two-hundred day moving average of C$2.24. The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51.

Entrée Resources (TSE:ETG) (NYSE:EGI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) EPS for the quarter.

About Entrée Resources

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects – the Oyu Tolgoi project in Mongolia. The company’s interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer.