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

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI)’s share price passed 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.

Analyst Ratings Changes

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

Check Out Our Latest Report on ETG

Entrée Resources Stock Performance

The company has a 50 day moving average of C$2.22 and a two-hundred day moving average of C$1.86. The stock has a market cap of C$528.76 million, a PE ratio of -37.14 and a beta of 1.38.

Entrée Resources Company Profile

(Get Free Report)

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.

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