Bonterra Energy (OTCMKTS:BNEFF) Shares Climb 0.6% – Should You Buy?

Shares of Bonterra Energy Corp. (OTCMKTS:BNEFF) shot up 0.6% during mid-day trading on Monday. The stock traded as high as $4.54 and last traded at $4.47. Approximately 6,341 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 17,536 shares. The stock had previously closed at $4.4440.

Bonterra Energy Stock Up 0.6%

The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $4.28 and its 200 day simple moving average is $4.43. The firm has a market cap of $163.56 million, a P/E ratio of -89.40 and a beta of 0.82.

Bonterra Energy (OTCMKTS:BNEFF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share 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 firm had revenue of $59.65 million during the quarter, compared to the consensus estimate of $45.06 million.

About Bonterra Energy

Bonterra Energy Corp. is a Canadian oil and natural gas exploration and production company. The company focuses on the development, acquisition and operation of conventional petroleum assets, with production consisting primarily of crude oil, natural gas and natural gas liquids.

Bonterra’s operations are concentrated in Alberta, where it holds and develops properties in established resource areas including the Pembina and Willesden Green regions. Its activities include drilling, production optimization, infrastructure management and the ongoing development of its reserve base.

Founded in the 1990s, Bonterra has historically emphasized operated, oil-weighted assets and a disciplined approach to conventional resource development.