Bonterra Energy (OTCMKTS:BNEFF) Trading Down 5.8% – Time to Sell?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s stock price dropped 5.8% on Monday . The stock traded as low as $4.2770 and last traded at $4.2770. 29,304 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 14,728 shares. The stock had previously closed at $4.54.

Bonterra Energy Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $153.63 million, a P/E ratio of -85.54 and a beta of 0.72. The company’s 50 day moving average is $4.17 and its 200-day moving average is $4.44.

Bonterra Energy (OTCMKTS:BNEFF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.48. The firm had revenue of $59.65 million during the quarter, compared to the consensus estimate of $45.06 million. Bonterra Energy had a negative net margin of 0.85% and a negative return on equity of 0.43%.

Bonterra Energy Company Profile

Bonterra Energy Corp. is a Canadian oil and natural gas exploration, development and production company headquartered in Calgary, Alberta. The company focuses primarily on conventional light oil and associated natural gas production, with operations concentrated in Western Canada.

Bonterra’s principal assets are located in the Pembina Cardium area of Alberta, one of the province’s established hydrocarbon-producing regions. Its activities include drilling, operating and developing oil and natural gas wells, as well as applying horizontal drilling, enhanced recovery and other technologies to support production from mature conventional reservoirs.

The company traces its origins to the early 1990s and has historically maintained an oil-weighted business model centered on operated assets in Alberta.