Entrée Resources (TSE:ETG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

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

Entrée Resources Price Performance

The company has a market capitalization of C$528.76 million, a price-to-earnings ratio of -37.14 and a beta of 1.38. The firm has a 50-day moving average price of C$2.24 and a two-hundred day moving average price of C$1.88.

About Entrée Resources

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.