Bonterra Energy (TSE:BNE) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Bonterra Energy Corp. (TSE:BNE) has recently crossed above its 200-day moving average, trading as high as C$3.53.
• The company's stock is up 2.9%, with a market capitalization of C$133.59 million and a low P/E ratio of 4.88.
• Operating in the Western Canadian Sedimentary Basin, Bonterra is primarily engaged in the exploration and production of crude oil and natural gas.

Bonterra Energy Corp. (TSE:BNE - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.49 and traded as high as C$3.53. Bonterra Energy shares last traded at C$3.53, with a volume of 24,895 shares changing hands.

Bonterra Energy Stock Up 2.3%

The business's fifty day moving average price is C$3.60 and its 200 day moving average price is C$3.49. The firm has a market capitalization of C$133.97 million, a price-to-earnings ratio of 4.89 and a beta of 2.66. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 29.00.

Bonterra Energy Company Profile

Bonterra Energy Corp is an oil and gas exploration company operating in the Western Canadian Sedimentary Basin. The company develops and produces crude oil, natural gas, and natural gas liquids. Bonterra operates in one industry and has only one reportable segment. Its assets consist of crude oil and natural gas assets.