Bonterra Energy (TSE:BNE) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Bonterra Energy Corp. (TSE:BNEGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.10 and traded as high as C$6.29. Bonterra Energy shares last traded at C$6.27, with a volume of 65,313 shares changing hands.

Bonterra Energy Trading Down 0.2%

The company has a market cap of C$218.78 million, a PE ratio of -87.00 and a beta of -0.14. The company’s 50 day simple moving average is C$5.71 and its two-hundred day simple moving average is C$6.10. The company has a debt-to-equity ratio of 32.35, a current ratio of 0.60 and a quick ratio of 0.21.

Bonterra Energy (TSE:BNEGet Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$87.10 million for the quarter. Bonterra Energy had a negative net margin of 0.86% and a negative return on equity of 0.41%. As a group, sell-side analysts anticipate that Bonterra Energy Corp. will post 0.336726 EPS 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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