Entrée Resources (TSE:ETG) Announces Quarterly Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) announced its earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Entrée Resources Stock Performance

Shares of TSE:ETG traded up C$0.05 during midday trading on Friday, reaching C$2.63. The company had a trading volume of 41,400 shares, compared to its average volume of 98,128. The company’s 50 day moving average price is C$2.71 and its 200 day moving average price is C$2.63. The company has a current ratio of 10.65, a quick ratio of 40.62 and a debt-to-equity ratio of -27.77. The stock has a market cap of C$549.97 million, a P/E ratio of -36.91 and a beta of -0.06. Entrée Resources has a 52-week low of C$1.98 and a 52-week high of C$3.40.

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.