Entrée Resources (TSE:ETG) Hits New 52-Week High – Should You Buy?

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

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 Down 3.3 %

The business’s 50-day simple moving average is C$2.29 and its two-hundred day simple moving average is C$1.91. The firm has a market cap of C$538.93 million, a price-to-earnings ratio of -37.86 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.