Entrée Resources (TSE:ETG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.19 and traded as high as C$2.29. Entrée Resources shares last traded at C$2.23, with a volume of 24,370 shares traded.

Analyst Upgrades and Downgrades

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

Entrée Resources Stock Performance

The stock has a market capitalization of C$326.46 million, a price-to-earnings ratio of -44.81 and a beta of 1.38. The company’s fifty day simple moving average is C$2.50 and its 200 day simple moving average is C$2.19. The company has a quick ratio of 40.62, a current ratio of 17.51 and a debt-to-equity ratio of -19.14.

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.