Entree Resources (TSE:ETG) Stock Crosses Above 200 Day Moving Average of $0.35

Entree Resources Ltd (TSE:ETG) (NYSE:EGI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.35 and traded as high as $0.37. Entree Resources shares last traded at $0.37, with a volume of 258,130 shares changing hands.

Separately, TD Securities lowered their price objective on 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 has a 50 day moving average price of C$0.25 and a 200-day moving average price of C$0.35. The company has a market cap of $57.71 million and a price-to-earnings ratio of -12.17.

Entree Resources (TSE:ETG) (NYSE:EGI) last released its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share for the quarter.

About Entree Resources (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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