Entrée Resources (TSE:ETG) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.94 and traded as high as C$2.53. Entrée Resources shares last traded at C$2.52, with a volume of 73,552 shares.

Analyst Upgrades and Downgrades

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

Entrée Resources Stock Down 1.6 %

The business has a fifty day moving average price of C$2.33 and a 200-day moving average price of C$1.95. The company has a market cap of C$504.36 million, a P/E ratio of -35.43 and a beta of 1.38.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its earnings results on Wednesday, November 6th. The company reported C($0.01) 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.