Bonterra Resources (CVE:BTR) Trading Down 4.7% – Time to Sell?

Bonterra Resources Inc. (CVE:BTR) was down 4.7% during mid-day trading on Tuesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 458,068 shares were traded during mid-day trading, an increase of 236% from the average daily volume of 136,362 shares. The stock had previously closed at C$0.22.

Bonterra Resources Stock Up 4.8 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.65. The company’s 50-day moving average price is C$0.25 and its 200 day moving average price is C$0.25. The stock has a market capitalization of C$35.95 million, a P/E ratio of -4.40 and a beta of 1.76.

Insider Activity

In related news, Director Cesar Gonzalez acquired 137,250 shares of Bonterra Resources stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of C$0.24 per share, for a total transaction of C$32,253.75. Insiders have acquired 332,250 shares of company stock worth $81,291 over the last ninety days. Corporate insiders own 2.18% of the company’s stock.

About Bonterra Resources

Bonterra Resources Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores primarily for gold and silver deposits. The company's primary projects include the Gladiator, Moroy, and Barry deposits. It also owns 100% interest in the Bachelor Mill. Bonterra Resources Inc was incorporated in 2007 and is headquartered in Val-D'or, Canada.