Bonterra Energy (TSE:BNE) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Bonterra Energy Corp. (TSE:BNE)’s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$6.16 and traded as high as C$6.43. Bonterra Energy shares last traded at C$6.35, with a volume of 57,841 shares traded.

Bonterra Energy Stock Performance

The firm has a market capitalization of C$226.33 million, a price-to-earnings ratio of -90.00 and a beta of -0.07. The company has a debt-to-equity ratio of 32.35, a current ratio of 0.60 and a quick ratio of 0.21. The firm has a 50 day moving average price of C$6.01 and a 200-day moving average price of C$6.16.

Bonterra Energy (TSE:BNE) last released its earnings results on Tuesday, August 11th. The company reported C$0.58 earnings per share (EPS) for the quarter. Bonterra Energy had a negative return on equity of 0.41% and a negative net margin of 0.86%. The firm had revenue of C$87.10 million during the quarter. As a group, sell-side analysts expect that Bonterra Energy Corp. will post 0.34 earnings per share for the current fiscal year.

About Bonterra Energy

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.