Entrée Resources (TSE:ETG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.99 and traded as high as C$2.59. Entrée Resources shares last traded at C$2.56, with a volume of 25,271 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities cut 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 research note on Tuesday, November 19th.

Entrée Resources Stock Up 5.6 %

The firm has a market cap of C$532.83 million, a P/E ratio of -37.43 and a beta of 1.38. The business has a fifty day moving average of C$2.40 and a 200 day moving average of C$2.00.

Entrée Resources (TSE:ETG - Get Free Report) NYSE: EGI last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.01) EPS for the quarter.

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.