Entree Gold (OTCMKTS:ERLFF) Releases Earnings Results

Entree Gold (OTCMKTS:ERLFF) released its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Entree Gold Stock Down 5.8%

OTCMKTS:ERLFF traded down $0.11 on Thursday, reaching $1.87. 12,200 shares of the company’s stock traded hands, compared to its average volume of 17,007. The stock has a 50-day simple moving average of $1.92 and a 200-day simple moving average of $1.90. The firm has a market cap of $390.57 million, a PE ratio of -26.66 and a beta of 0.72. Entree Gold has a 12 month low of $1.43 and a 12 month high of $2.47.

About Entree Gold

Entrée Resources Ltd., formerly known as Entree Gold Inc, is a mineral exploration and development company focused on copper and gold properties. The company’s principal asset is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia, which includes portions of the Hugo North Extension and Heruga copper-gold deposits.

The Oyu Tolgoi project is located in Mongolia’s South Gobi region and is operated by Rio Tinto through its ownership and management of Oyu Tolgoi LLC. Entrée Resources holds a participating interest in certain joint-venture property areas and is entitled to potential production and other benefits from minerals extracted from those areas, subject to the applicable joint-venture arrangements.

The company’s activities include mineral exploration, project development and participation in technical and operational planning related to its Mongolian assets.