Entrée Resources (TSE:ETG) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price crossed 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 trading hands.

Analyst Upgrades and Downgrades

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

Entrée Resources Stock Up 0.8 %

The firm has a market capitalization of C$520.63 million, a price-to-earnings ratio of -36.57 and a beta of 1.38. The business’s fifty day moving average is C$2.38 and its 200 day moving average is C$1.99.

Entrée Resources (TSE:ETG) (NYSE:EGI) last released its earnings results 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.