Bonterra Energy (TSE:BNE) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Bonterra Energy Corp. (TSE:BNE)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.76 and traded as high as C$3.76. Bonterra Energy shares last traded at C$3.68, with a volume of 30,820 shares trading hands.

Analysts Set New Price Targets

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

Bonterra Energy Stock Performance

The company has a market capitalization of C$139.26 million, a price-to-earnings ratio of 5.08 and a beta of 2.66. The company has a 50 day moving average price of C$3.60 and a 200 day moving average price of C$3.76. The company has a debt-to-equity ratio of 29.00, a quick ratio of 0.21 and a current ratio of 0.53.

Insider Buying and Selling at Bonterra Energy

In other Bonterra Energy news, Director Stacey Elizabeth Mcdonald acquired 10,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$3.26 per share, for a total transaction of C$32,600.00. Insiders own 13.89% of the company’s stock.

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.