Bonterra Energy (TSE:BNE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Bonterra Energy Corp. (TSE:BNE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.93 and traded as high as C$5.29. Bonterra Energy shares last traded at C$5.27, with a volume of 108,954 shares changing hands.

Bonterra Energy Price Performance

The business has a 50-day moving average of C$4.57 and a two-hundred day moving average of C$3.93. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 29.00. The firm has a market cap of C$190.24 million, a P/E ratio of -13.18 and a beta of 0.59.

Bonterra Energy (TSE:BNE) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.10) EPS for the quarter. The company had revenue of C$50.06 million during the quarter. Bonterra Energy had a net margin of 10.56% and a return on equity of 5.12%. On average, sell-side analysts anticipate that Bonterra Energy Corp. will post 0.336726 earnings per share for the current fiscal 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.