Entrée Resources (TSE:ETG) Releases Quarterly Earnings Results

Entrée Resources (TSE:ETG) (NYSE:EGI) released its quarterly earnings results on Thursday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports.

Entrée Resources Price Performance

TSE ETG opened at C$2.68 on Friday. The company has a 50-day moving average price of C$2.71 and a 200-day moving average price of C$2.41. Entrée Resources has a 52 week low of C$1.83 and a 52 week high of C$3.40. The company has a quick ratio of 40.62, a current ratio of 17.73 and a debt-to-equity ratio of -25.00. The firm has a market capitalization of C$557.17 million, a P/E ratio of -29.78 and a beta of 0.34.

Entrée Resources Company Profile

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.