Entrée Resources (TSE:ETG) Shares Pass Above 200-Day Moving Average – What’s Next?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.86 and traded as high as C$2.65. Entrée Resources shares last traded at C$2.60, with a volume of 63,638 shares trading hands.

Analysts Set New Price Targets

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

Entrée Resources Trading Down 2.6 %

The firm has a market cap of C$528.76 million, a price-to-earnings ratio of -37.14 and a beta of 1.38. The company has a fifty day moving average price of C$2.22 and a 200-day moving average price of C$1.86.

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.