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

Bonterra Energy Corp. (TSE:BNE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.05 and traded as high as C$6.20. Bonterra Energy shares last traded at C$6.01, with a volume of 49,411 shares trading hands.

Bonterra Energy Stock Performance

The company has a debt-to-equity ratio of 32.35, a current ratio of 0.60 and a quick ratio of 0.21. The company’s fifty day simple moving average is C$5.60 and its two-hundred day simple moving average is C$6.06. The stock has a market cap of C$226.33 million, a price-to-earnings ratio of -90.00 and a beta of -0.23.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.58 earnings per share (EPS) for the quarter. The firm had revenue of C$87.10 million during the quarter. Bonterra Energy had a negative net margin of 0.86% and a negative return on equity of 0.41%. On average, 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 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.