Bonterra Energy (TSE:BNE) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Bonterra Energy Corp. (TSE:BNE) recently crossed above its 200-day moving average of C$3.50, reaching a high of C$3.65 during trading.
• The company has a market capitalization of C$136.24 million and a price-to-earnings ratio of 4.97, indicating it may be undervalued in the current market.
• Bonterra Energy focuses on oil and gas exploration in the Western Canadian Sedimentary Basin, developing crude oil, natural gas, and natural gas liquids.

Bonterra Energy Corp. (TSE:BNE - ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.50 and traded as high as C$3.65. Bonterra Energy shares last traded at C$3.60, with a volume of 20,419 shares changing hands.

Bonterra Energy Price Performance

The stock's 50-day moving average price is C$3.65 and its 200 day moving average price is C$3.50. The firm has a market capitalization of C$136.24 million, a price-to-earnings ratio of 4.97 and a beta of 2.66. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 29.00.

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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