Entrée Resources (TSE:ETG) Shares Down 6.3% – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s share price dropped 6.3% during trading on Tuesday . The company traded as low as C$2.22 and last traded at C$2.22. Approximately 144,545 shares were traded during trading, an increase of 131% from the average daily volume of 62,536 shares. The stock had previously closed at C$2.37.

Wall Street Analysts Forecast Growth

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

Entrée Resources Stock Down 6.3 %

The stock has a market cap of C$451.48 million, a P/E ratio of -31.71 and a beta of 1.38. The firm has a 50 day simple moving average of C$2.12 and a 200-day simple moving average of C$1.73.

About Entrée Resources

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.