Bonterra Energy (OTCMKTS:BNEFF) Trading Up 2.8% – Here’s Why

Bonterra Energy Corp. (OTCMKTS:BNEFF) shares rose 2.8% during mid-day trading on Thursday . The stock traded as high as $4.23 and last traded at $4.1620. 50,141 shares were traded during trading, an increase of 151% from the average daily volume of 19,947 shares. The stock had previously closed at $4.05.

Bonterra Energy Stock Down 2.2%

The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $4.33 and its 200 day moving average price is $4.25. The firm has a market cap of $148.91 million, a P/E ratio of -8.48 and a beta of 0.70.

Bonterra Energy (OTCMKTS:BNEFF) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.25). Bonterra Energy had a negative net margin of 10.40% and a negative return on equity of 4.64%. The firm had revenue of $48.49 million during the quarter, compared to the consensus estimate of $45.36 million.

Bonterra Energy Company Profile

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.