Entree Gold (OTCMKTS:ERLFF) Shares Down 3.2% – Here’s What Happened

Entree Gold Inc (OTCMKTS:ERLFF)’s share price traded down 3.2% during mid-day trading on Thursday . The stock traded as low as $2.14 and last traded at $2.15. Approximately 5,010 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 11,796 shares. The stock had previously closed at $2.22.

Entree Gold Stock Performance

The stock has a market capitalization of $448.43 million, a PE ratio of -26.88 and a beta of 0.50. The stock’s 50-day moving average is $1.85 and its 200 day moving average is $1.85.

Entree Gold (OTCMKTS:ERLFF) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter.

Entree Gold Company Profile

Entree Gold Inc is a Canada-based mineral exploration company focused on the discovery and development of copper and gold projects. The company’s core strategy centers on advancing high-potential assets in politically stable jurisdictions, with a primary emphasis on strategic partnerships and joint ventures to maximize shareholder value.

A cornerstone of Entree Gold’s portfolio is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia’s South Gobi region. Under this agreement, Entree holds a 20% participating interest in the mineralization adjacent to the giant Oyu Tolgoi copper–gold mine, operated by Rio Tinto.