Entrée Resources (TSE:ETG) Sets New 52-Week High – Here’s What Happened

Shares of Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI) reached a new 52-week high during trading on Friday . The company traded as high as C$2.70 and last traded at C$2.67, with a volume of 136057 shares traded. The stock had previously closed at C$2.44.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price objective on the stock. in a report on Tuesday, November 19th.

Entrée Resources Price Performance

The stock has a market capitalization of C$545.03 million, a PE ratio of -38.29 and a beta of 1.38. The company’s 50 day moving average price is C$2.16 and its two-hundred day moving average price is C$1.82.

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.