Bonterra Energy (OTCMKTS:BNEFF) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.24 and traded as low as $3.95. Bonterra Energy shares last traded at $4.00, with a volume of 10,250 shares.

Bonterra Energy Stock Performance

The stock’s 50-day moving average price is $4.24 and its 200-day moving average price is $4.28. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $146.35 million, a P/E ratio of -8.33 and a beta of 0.70.

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

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.