Entrée Resources (TSE:ETG) Sets New 52-Week High – Should You Buy?

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) shares reached a new 52-week high on Friday . The company traded as high as C$3.40 and last traded at C$3.39, with a volume of 144239 shares changing hands. The stock had previously closed at C$3.16.

Entrée Resources Stock Performance

The company has a debt-to-equity ratio of -19.14, a quick ratio of 40.62 and a current ratio of 17.51. The company has a market capitalization of C$675.68 million, a price-to-earnings ratio of -36.11 and a beta of 0.91. The company has a 50 day moving average price of C$2.37 and a 200 day moving average price of C$2.31.

Entrée Resources (TSE:ETG) (NYSE:EGI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) EPS for the quarter.

About Entrée Resources

Entree Resources Ltd is a Canadian mining company which owns a joint venture interest on a significant portion of copper-gold projects – the Oyu Tolgoi project in Mongolia. The company’s interest in the Entree/Oyu Tolgoi joint venture has the characteristics of a royalty, with the benefits of a producer. Entree’s good financial position and high-quality asset portfolio provides solid foundation and flexibility of growth.