Entrée Resources (TSE:ETG) Trading 17.1% Higher – What’s Next?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) rose 17.1% during trading on Tuesday . The company traded as high as C$3.17 and last traded at C$3.15. 434,991 shares changed hands during mid-day trading, an increase of 308% from the average session volume of 106,581 shares. The stock had previously closed at C$2.69.

Entrée Resources Stock Up 16.0%

The company has a quick ratio of 40.62, a current ratio of 12.25 and a debt-to-equity ratio of -26.05. The company has a market cap of C$650.74 million, a price-to-earnings ratio of -52.00 and a beta of 0.40. The stock has a fifty day moving average price of C$2.51 and a two-hundred day moving average price of C$2.52.

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

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.