Entree Gold (OTCMKTS:ERLFF) Trading Down 2.2% – Here’s Why

Entree Gold Inc (OTCMKTS:ERLFF)’s stock price fell 2.2% during mid-day trading on Tuesday . The stock traded as low as $1.75 and last traded at $1.75. 237 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 9,324 shares. The stock had previously closed at $1.79.

Entree Gold Stock Up 2.8%

The stock has a 50-day moving average of $1.92 and a 200 day moving average of $1.91. The stock has a market cap of $380.59 million, a PE ratio of -22.75 and a beta of 0.52.

Entree Gold (OTCMKTS:ERLFF) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter.

Entree Gold Company Profile

Entree Gold Inc is a Canada-based mineral exploration company focused on the discovery and development of copper and gold projects. The company’s core strategy centers on advancing high-potential assets in politically stable jurisdictions, with a primary emphasis on strategic partnerships and joint ventures to maximize shareholder value.

A cornerstone of Entree Gold’s portfolio is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia’s South Gobi region. Under this agreement, Entree holds a 20% participating interest in the mineralization adjacent to the giant Oyu Tolgoi copper–gold mine, operated by Rio Tinto.