Bonterra Energy (OTCMKTS:BNEFF) Stock Breaks Below 200 Day Moving Average – Here’s Why

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.35 and traded as low as $4.2850. Bonterra Energy shares last traded at $4.2850, with a volume of 6,756 shares.

Bonterra Energy Stock Up 1.2%

The stock has a market capitalization of $157.70 million, a PE ratio of -86.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.60 and a quick ratio of 0.58. The business’s fifty day moving average price is $4.49 and its two-hundred day moving average price is $4.36.

Bonterra Energy (OTCMKTS:BNEFF) last issued its earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.48. Bonterra Energy had a negative return on equity of 0.43% and a negative net margin of 0.85%. The company had revenue of $59.65 million during the quarter, compared to analyst estimates of $45.06 million.

About Bonterra Energy

Bonterra Energy Corp. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing and producing conventional petroleum and natural gas resources, with associated natural gas liquids generated through its operations. Bonterra’s principal assets are located in central Alberta, particularly the Pembina and Willesden Green areas. Its activities include drilling, completing and operating wells, as well as managing the gathering, processing and transportation infrastructure needed to deliver production to market.