Bonterra Resources (CVE:BTR) Stock Price Down 8.9% – Should You Sell?

Bonterra Resources Inc. (CVE:BTR)’s stock price dropped 8.9% during trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 62,200 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 48,129 shares. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Separately, Cormark raised Bonterra Resources to a “moderate buy” rating in a report on Thursday, March 20th.

Bonterra Resources Price Performance

The business’s 50-day moving average price is C$0.22 and its two-hundred day moving average price is C$0.23. The firm has a market cap of C$45.06 million, a price-to-earnings ratio of -4.00 and a beta of 1.76.

About Bonterra Resources

Bonterra Resources Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores primarily for gold and silver deposits. The company's primary projects include the Gladiator, Moroy, and Barry deposits. It also owns 100% interest in the Bachelor Mill. Bonterra Resources Inc was incorporated in 2007 and is headquartered in Val-D'or, Canada.