Bonterra Energy (TSE:BNE) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Bonterra Energy Corp. (TSE:BNEGet Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.15 and traded as high as C$6.48. Bonterra Energy shares last traded at C$6.45, with a volume of 46,559 shares trading hands.

Bonterra Energy Trading Down 2.2%

The company has a fifty day simple moving average of C$5.81 and a 200-day simple moving average of C$6.15. The company has a current ratio of 0.60, a quick ratio of 0.21 and a debt-to-equity ratio of 32.35. The stock has a market cap of C$226.69 million, a price-to-earnings ratio of -90.14 and a beta of -0.14.

Bonterra Energy (TSE:BNEGet Free Report) last issued its earnings results on Tuesday, August 11th. The company reported C$0.58 EPS for the quarter. Bonterra Energy had a negative return on equity of 0.41% and a negative net margin of 0.86%.The business had revenue of C$87.10 million during the quarter. On average, research analysts forecast that Bonterra Energy Corp. will post 0.336726 earnings per share for the current fiscal year.

Bonterra Energy Company Profile

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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.

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