Entree Gold (OTCMKTS:ERLFF) Announces Quarterly Earnings Results

Entree Gold (OTCMKTS:ERLFF) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

Entree Gold Stock Performance

Shares of OTCMKTS ERLFF traded down $0.11 during trading on Thursday, hitting $1.87. The company had a trading volume of 12,200 shares, compared to its average volume of 17,007. Entree Gold has a 12 month low of $1.43 and a 12 month high of $2.47. The firm has a market capitalization of $390.57 million, a P/E ratio of -26.66 and a beta of 0.72. The stock has a 50 day simple moving average of $1.92 and a 200 day simple moving average of $1.90.

About Entree Gold

Entrée Resources Ltd., formerly known as Entree Gold Inc, is a mineral exploration and development company focused on copper and gold properties. The company’s principal asset is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia, which includes portions of the Hugo North Extension and Heruga copper-gold deposits.

The Oyu Tolgoi project is located in Mongolia’s South Gobi region and is operated by Rio Tinto through its ownership and management of Oyu Tolgoi LLC. Entrée Resources holds a participating interest in certain joint-venture property areas and is entitled to potential production and other benefits from minerals extracted from those areas, subject to the applicable joint-venture arrangements.

The company’s activities include mineral exploration, project development and participation in technical and operational planning related to its Mongolian assets.