Entrée Resources (OTCMKTS:ERLFF) Trading 1.3% Higher – What’s Next?

Entrée Resources Ltd. (OTCMKTS:ERLFF) shares were up 1.3% during mid-day trading on Wednesday . The stock traded as high as $1.71 and last traded at $1.70. Approximately 4,064 shares traded hands during trading, a decline of 75% from the average daily volume of 16,573 shares. The stock had previously closed at $1.67.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut Entrée Resources from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Entrée Resources Stock Performance

The company has a market cap of $343.15 million, a price-to-earnings ratio of -33.60 and a beta of 1.12. The firm’s 50-day moving average price is $1.53 and its 200 day moving average price is $1.33.

Entrée Resources Company Profile

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.