Entrée Resources (TSE:ETG) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.63 and traded as low as C$2.63. Entrée Resources shares last traded at C$2.66, with a volume of 176,403 shares trading hands.

Entrée Resources Trading Down 1.5%

The stock has a market cap of C$546.46 million, a PE ratio of -43.67 and a beta of 0.34. The company has a debt-to-equity ratio of -26.05, a quick ratio of 40.62 and a current ratio of 12.25. The company has a 50 day moving average of C$2.67 and a two-hundred day moving average of C$2.63.

Entrée Resources (TSE:ETG) (NYSE:EGI) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insider Activity

In other news, insider Stephen Victor Scott sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of C$3.00, for a total transaction of C$60,000.00. Following the transaction, the insider owned 2,007,959 shares in the company, valued at C$6,023,877. This trade represents a 0.99% decrease in their position. In the last 90 days, insiders sold 35,000 shares of company stock worth $107,100. Company insiders own 43.31% of the company’s stock.

Entrée Resources Company Profile

Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world’s largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi JV, depending on the depth of mineralization. Royal Gold, Inc (through its wholly owned Canadian subsidiary International Royalty Corporation) and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively.