Entrée Resources (OTCMKTS:ERLFF) Trading Up 0.3% – Time to Buy?

Entrée Resources Ltd. (OTCMKTS:ERLFF)’s share price was up 0.3% during trading on Thursday . The company traded as high as $1.76 and last traded at $1.75. Approximately 19,488 shares were traded during trading, an increase of 10% from the average daily volume of 17,792 shares. The stock had previously closed at $1.75.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded shares of Entrée Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Entrée Resources Stock Performance

The company’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $1.40. The stock has a market capitalization of $357.46 million, a P/E ratio of -35.00 and a beta of 1.06.

Entrée Resources (OTCMKTS:ERLFF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Entrée Resources Company Profile

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.