Entree Resources (TSE:ETG) Stock Price Passes Above 50-Day Moving Average of $0.43

Entree Resources Ltd (TSE:ETG) (NYSE:EGI)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.43 and traded as high as $0.44. Entree Resources shares last traded at $0.43, with a volume of 17,810 shares.

Separately, TD Securities reduced their price objective on Entree Resources from C$0.70 to C$0.65 and set a “hold” rating for the company in a research note on Thursday, April 4th.

The firm has a 50 day moving average price of C$0.43. The stock has a market cap of $73.45 million and a PE ratio of -15.00.

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

In related news, insider SANDSTORM GOLD LTD. purchased 816,000 shares of Entree Resources stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average cost of C$0.45 per share, for a total transaction of C$367,200.00. Following the completion of the transaction, the insider now owns 32,043,880 shares in the company, valued at C$14,419,746. Over the last quarter, insiders have purchased 852,500 shares of company stock valued at $383,495.

Entree Resources Company Profile (TSE:ETG)

Entrée Resources Ltd., an exploration stage company, engages in the exploration of mineral resource properties located in Mongolia, Peru, Australia, and Canada. Its principal property is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia.

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