Bonterra Energy (OTCMKTS:BNEFF) Stock Price Up 6.6% - Here's What Happened

Key Points

• Bonterra Energy Corp. shares rose by 6.6% to a trading price of $2.95 despite a significant decrease in trading volume.
• The company reported a quarterly earnings loss of ($0.14) per share, missing the analyst estimate of ($0.01), with revenues coming in at $49.18 million compared to forecasts of $69.90 million.
• Bonterra Energy has a market cap of $108.65 million and operates primarily in the development and production of oil and natural gas in Canada.

Bonterra Energy Corp. (OTCMKTS:BNEFF - Get Free Report)'s stock price rose 6.6% on Monday . The company traded as high as $2.95 and last traded at $2.95. Approximately 1,450 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 6,948 shares. The stock had previously closed at $2.77.

Bonterra Energy Stock Up 0.2%

The stock has a 50-day moving average of $2.68 and a two-hundred day moving average of $2.51. The company has a market cap of $92.01 million, a P/E ratio of 50.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 0.50.

Bonterra Energy (OTCMKTS:BNEFF - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.13). The business had revenue of $49.18 million during the quarter, compared to analyst estimates of $69.90 million. Bonterra Energy had a net margin of 0.84% and a return on equity of 0.41%.

About Bonterra Energy

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.