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

Bonterra Energy logo with Energy background

Bonterra Energy Corp. (TSE:BNE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.46 and traded as high as C$3.63. Bonterra Energy shares last traded at C$3.59, with a volume of 38,767 shares trading hands.

Bonterra Energy Stock Performance

The stock has a 50-day moving average of C$3.25 and a 200-day moving average of C$3.47. The firm has a market cap of C$135.48 million, a price-to-earnings ratio of 4.95 and a beta of 2.66. The company has a debt-to-equity ratio of 29.00, a quick ratio of 0.21 and a current ratio of 0.53.

Insider Transactions at Bonterra Energy

In related news, Director Stacey Elizabeth Mcdonald purchased 8,500 shares of the stock in a transaction on Friday, March 21st. The shares were purchased at an average price of C$3.59 per share, with a total value of C$30,481.00. Insiders acquired a total of 15,920 shares of company stock worth $53,340 in the last three months. Insiders own 13.89% of the company's stock.

About Bonterra Energy

(Get Free Report)

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.

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