Bonterra Energy (TSE:BNE) Shares Pass Above 200-Day Moving Average – Here’s Why

Bonterra Energy Corp. (TSE:BNE)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.47 and traded as high as C$6.92. Bonterra Energy shares last traded at C$6.45, with a volume of 85,959 shares trading hands.

Bonterra Energy Price Performance

The company has a current ratio of 0.56, a quick ratio of 0.21 and a debt-to-equity ratio of 35.57. The stock has a market cap of C$233.88 million, a PE ratio of -9.63 and a beta of -0.21. The company has a fifty day moving average of C$6.71 and a 200-day moving average of C$5.47.

Bonterra Energy (TSE:BNE) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.40) earnings per share (EPS) for the quarter. The firm had revenue of C$34.96 million during the quarter. Bonterra Energy had a negative net margin of 10.49% and a negative return on equity of 4.63%. Sell-side analysts expect that Bonterra Energy Corp. will post 0.336726 EPS for the current fiscal 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.