Bonterra Energy (TSE:BNE) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Bonterra shares crossed above their 200‑day moving average (C$4.79), trading as high as C$6.91 and last at C$6.89 on volume of 83,118, a potential bullish signal.
• Mixed fundamentals: The company reported C($0.12) EPS last quarter with a negative net margin (-7.08%) and trailing P/E of -14.66, but analysts forecast about C$0.34 EPS for the current fiscal year; market cap is C$252M and debt-to-equity is 33.8 with weak liquidity (current ratio 0.94, quick ratio 0.21).
• Business profile: Bonterra is an oil and gas exploration and production company operating in the Western Canadian Sedimentary Basin and has a very low beta (0.01), indicating minimal historical volatility versus the market.

Bonterra Energy Corp. (TSE:BNE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.79 and traded as high as C$6.91. Bonterra Energy shares last traded at C$6.89, with a volume of 83,118 shares traded.

Bonterra Energy Stock Performance

The company has a debt-to-equity ratio of 33.80, a quick ratio of 0.21 and a current ratio of 0.94. The company has a 50 day moving average price of C$6.03 and a 200 day moving average price of C$4.79. The company has a market capitalization of C$252.00 million, a price-to-earnings ratio of -14.66 and a beta of 0.01.

Bonterra Energy (TSE:BNE - Get Free Report) last issued its earnings results on Friday, March 13th. The company reported C($0.12) EPS for the quarter. The firm had revenue of C$54.24 million during the quarter. Bonterra Energy had a negative net margin of 7.08% and a negative return on equity of 3.24%. Equities research analysts predict that Bonterra Energy Corp. will post 0.336726 earnings per share for the current fiscal year.

About Bonterra Energy

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.

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