Bonterra Energy (TSE:BNE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Bonterra Energy Corp. (TSE:BNE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.73 and traded as high as C$3.77. Bonterra Energy shares last traded at C$3.73, with a volume of 32,300 shares trading hands.

Analyst Ratings Changes

Separately, Atb Cap Markets upgraded shares of Bonterra Energy to a “strong-buy” rating in a research note on Tuesday, November 5th.

Bonterra Energy Price Performance

The stock’s 50 day moving average price is C$3.65 and its two-hundred day moving average price is C$3.73. The company has a debt-to-equity ratio of 29.00, a current ratio of 0.53 and a quick ratio of 0.21. The firm has a market capitalization of C$141.16 million, a price-to-earnings ratio of 5.15 and a beta of 2.66.

Insider Transactions at Bonterra Energy

In other news, Director Stacey Elizabeth Mcdonald acquired 10,000 shares of Bonterra Energy stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$3.26 per share, for a total transaction of C$32,600.00. 13.89% of the stock is owned by corporate insiders.

Bonterra Energy Company Profile

Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada. Its principal properties include Pembina Cardium, a conventional oil field, at the Pembina and Willesden green fields located in central Alberta; and holds 100% interest in the Montney properties that consist of approximately 28,880 acres located in the north of Grand Prairie, Alberta.