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Entrée Resources (TSE:ETG) Sets New 1-Year High - Here's Why

Entrée Resources logo with Basic Materials background

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI's stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.74 and last traded at C$2.74, with a volume of 10529 shares traded. The stock had previously closed at C$2.67.

Wall Street Analyst Weigh In

Separately, TD Securities downgraded Entrée Resources from a "buy" rating to a "hold" rating and set a C$2.00 price target on the stock. in a research report on Tuesday, November 19th.

Read Our Latest Report on Entrée Resources

Entrée Resources Price Performance

The business has a 50 day moving average of C$2.29 and a 200 day moving average of C$1.91. The company has a market cap of C$538.93 million, a PE ratio of -37.86 and a beta of 1.38.

About Entrée Resources

(Get Free Report)

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.

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