Entree Resources Ltd (TSE:ETG) (NYSE:EGI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.35 and traded as high as $0.41. Entree Resources shares last traded at $0.41, with a volume of 74,349 shares trading hands.
Separately, TD Securities decreased their price target on shares of Entree Resources from C$0.45 to C$0.30 and set a “hold” rating for the company in a research note on Tuesday, October 22nd.
The company’s 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.34. The stock has a market cap of $69.95 million and a P/E ratio of -11.11.
Entree Resources Company Profile (TSE:ETG)
Entrée Resources Ltd., an exploration stage company, engages in the exploration of mineral resource properties located in Mongolia, Peru, Australia, and Canada. Its principal property is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia.
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