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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.75 and traded as high as C$2.31. Entrée Resources shares last traded at C$2.20, with a volume of 64,433 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities downgraded 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.

Entrée Resources Price Performance

The company’s fifty day moving average price is C$2.12 and its 200 day moving average price is C$1.75. The company has a market cap of C$447.41 million, a PE ratio of -31.43 and a beta of 1.38.

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.