Entree Gold (OTCMKTS:ERLFF) Shares Up 7.9% – What’s Next?

Entree Gold Inc (OTCMKTS:ERLFF) shares traded up 7.9% on Wednesday. The stock traded as high as $1.99 and last traded at $1.99. Approximately 6,210 shares changed hands during trading, a decline of 61% from the average daily volume of 16,117 shares. The stock had previously closed at $1.8435.

Entree Gold Trading Up 7.9%

The company has a market capitalization of $416.53 million, a price-to-earnings ratio of -28.43 and a beta of 0.72. The stock’s fifty day simple moving average is $1.92 and its 200-day simple moving average is $1.90.

Entree Gold (OTCMKTS:ERLFF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.02) EPS for the quarter.

About Entree Gold

Entrée Resources Ltd., formerly known as Entree Gold Inc, is a mineral exploration and development company focused on copper and gold properties. The company’s principal asset is its interest in the Entrée/Oyu Tolgoi joint venture in Mongolia, which includes portions of the Hugo North Extension and Heruga copper-gold deposits.

The Oyu Tolgoi project is located in Mongolia’s South Gobi region and is operated by Rio Tinto through its ownership and management of Oyu Tolgoi LLC. Entrée Resources holds a participating interest in certain joint-venture property areas and is entitled to potential production and other benefits from minerals extracted from those areas, subject to the applicable joint-venture arrangements.

The company’s activities include mineral exploration, project development and participation in technical and operational planning related to its Mongolian assets.