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

Entrée Resources Ltd. (TSE:ETGGet Free Report) (NYSE:EGI) shares hit a new 52-week high on Tuesday . The stock traded as high as C$2.85 and last traded at C$2.76, with a volume of 91313 shares changing hands. The stock had previously closed at C$2.75.

Entrée Resources Price Performance

The firm has a 50-day moving average of C$2.26 and a 200-day moving average of C$2.26. The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51. The firm has a market capitalization of C$573.81 million, a P/E ratio of -30.67 and a beta of 0.91.

Entrée Resources (TSE:ETGGet Free Report) (NYSE:EGI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter.

Entrée Resources Company Profile

(Get Free Report)

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects – the Oyu Tolgoi project in Mongolia. The company’s interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entree’s good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.

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