Entrée Resources (TSE:ETG) Stock Price Passes Above 200 Day Moving Average - Here's Why

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI's share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.86 and traded as high as C$2.65. Entrée Resources shares last traded at C$2.60, with a volume of 63,638 shares changing hands.

Analyst Upgrades and Downgrades

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

Entrée Resources Trading Down 2.6 %

The stock's 50 day moving average is C$2.24 and its 200 day moving average is C$1.87. The firm has a market cap of C$528.76 million, a price-to-earnings ratio of -37.14 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.