Bonterra Energy (TSE:BNE) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Bonterra Energy Corp. (TSE:BNE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.59 and traded as high as C$3.85. Bonterra Energy shares last traded at C$3.85, with a volume of 65,035 shares trading hands.

Bonterra Energy Price Performance

The firm has a 50-day simple moving average of C$3.61 and a 200-day simple moving average of C$3.59. The firm has a market capitalization of C$138.90 million, a PE ratio of -9.63 and a beta of 0.45. The company has a debt-to-equity ratio of 29.00, a current ratio of 0.53 and a quick ratio of 0.21.

Bonterra Energy (TSE:BNE) last released its earnings results on Thursday, November 13th. The company reported C($0.10) EPS for the quarter. The firm had revenue of C$50.06 million for the quarter. Bonterra Energy had a return on equity of 5.12% and a net margin of 10.56%. As a group, equities analysts forecast that Bonterra Energy Corp. will post 0.336726 earnings per share for the current year.

Bonterra Energy Company Profile

Bonterra Energy Corp is an oil and gas exploration company operating in the Western Canadian Sedimentary Basin. The company develops and produces crude oil, natural gas, and natural gas liquids. Bonterra operates in one industry and has only one reportable segment. Its assets consist of crude oil and natural gas assets.