Entrée Resources (TSE:ETG) Shares Cross Above 200 Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) passed 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 Ratings Changes

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

Entrée Resources Trading Down 2.6 %

The business has a 50 day moving average price of C$2.24 and a 200-day moving average price of C$1.88. The company has a market cap of C$528.76 million, a P/E 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.