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

Bonterra Energy Corp. (TSE:BNE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

Bonterra Energy Stock Performance

The stock has a 50-day moving average price of C$3.62 and a 200 day moving average price of C$3.75. The firm has a market capitalization of C$146.08 million, a price-to-earnings ratio of 5.33 and a beta of 2.66. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 29.00.

Insider Buying and Selling

In other Bonterra Energy news, Director Stacey Elizabeth Mcdonald bought 10,000 shares of Bonterra Energy stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased 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 currently 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.