Bonterra Resources (CVE:BTR) Shares Down 4.7% – Should You Sell?

Bonterra Resources Inc. (CVE:BTR)’s share price dropped 4.7% during trading on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 458,068 shares traded hands during mid-day trading, an increase of 236% from the average daily volume of 136,362 shares. The stock had previously closed at C$0.22.

Bonterra Resources Price Performance

The stock’s 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.25. The firm has a market cap of C$33.50 million, a price-to-earnings ratio of -4.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.65.

Insider Buying and Selling at Bonterra Resources

In other Bonterra Resources news, Director Cesar Gonzalez purchased 137,250 shares of Bonterra Resources stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of C$0.24 per share, with a total value of C$32,253.75. Over the last three months, insiders have acquired 267,250 shares of company stock valued at $66,991. 2.18% of the stock is owned by insiders.

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.