Bonterra Energy (TSE:BNE) Hits New 12-Month High – Here’s Why

Bonterra Energy Corp. (TSE:BNE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.64 and last traded at C$7.38, with a volume of 92515 shares traded. The stock had previously closed at C$7.13.

Bonterra Energy Price Performance

The firm’s 50-day moving average is C$6.65 and its 200-day moving average is C$5.26. The company has a market capitalization of C$258.95 million, a PE ratio of -10.57 and a beta of 0.16. The company has a quick ratio of 0.21, a current ratio of 0.56 and a debt-to-equity ratio of 35.57.

Bonterra Energy (TSE:BNE) last announced its earnings results on Thursday, May 14th. The company reported C($0.40) earnings per share (EPS) for the quarter. Bonterra Energy had a negative return on equity of 4.63% and a negative net margin of 10.49%.The company had revenue of C$34.96 million during the quarter. Equities analysts predict that Bonterra Energy Corp. will post 0.336726 earnings per share for the current fiscal year.

Bonterra Energy Company Profile

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. Bonterra’s liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.