Entree Gold (OTCMKTS:ERLFF) Posts Earnings Results

Entree Gold (OTCMKTS:ERLFF) issued its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.

Entree Gold Stock Performance

ERLFF stock traded down $0.03 on Tuesday, hitting $1.82. 3,320 shares of the company’s stock were exchanged, compared to its average volume of 16,321. Entree Gold has a 12-month low of $1.42 and a 12-month high of $2.47. The firm has a 50 day moving average price of $1.92 and a two-hundred day moving average price of $1.90. The stock has a market cap of $380.60 million, a P/E ratio of -22.75 and a beta of 0.52.

About Entree Gold

Entree Gold Inc is a Canada-based mineral exploration company focused on the discovery and development of copper and gold projects. The company’s core strategy centers on advancing high-potential assets in politically stable jurisdictions, with a primary emphasis on strategic partnerships and joint ventures to maximize shareholder value.

A cornerstone of Entree Gold’s portfolio is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia’s South Gobi region. Under this agreement, Entree holds a 20% participating interest in the mineralization adjacent to the giant Oyu Tolgoi copper–gold mine, operated by Rio Tinto.