Bion Environmental Technologies (OTCMKTS:BNET) Shares Break Above 50 Day Moving Average – Here’s Why

Shares of Bion Environmental Technologies Inc. (OTCMKTS:BNET) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $0.17 and traded as high as $0.1718. Bion Environmental Technologies shares last traded at $0.1696, with a volume of 95,123 shares changing hands.

Bion Environmental Technologies Stock Performance

The firm’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.19. The stock has a market cap of $9.01 million, a P/E ratio of -3.88 and a beta of 0.79.

Bion Environmental Technologies (OTCMKTS:BNET) last posted its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05).

Bion Environmental Technologies Company Profile

Bion Environmental Technologies, Inc (OTCMKTS:BNET) develops environmental technologies for the livestock industry, with a focus on treating and managing waste from concentrated animal feeding operations. Its systems are designed to reduce the environmental impacts associated with livestock production while supporting the recovery of useful resources from animal waste.

The company’s technology platform is intended to capture and process nutrients, including nitrogen and phosphorus, and reduce ammonia emissions, odors, pathogens and other pollutants.