Bonterra Energy (TSE:BNE) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Bonterra Energy shares have recently crossed above the 200-day moving average at C$3.48, trading as high as C$3.89 before settling at C$3.84.
• The company has a market cap of C$139.91 million and significant debt with a debt-to-equity ratio of 29.00.
• Bonterra Energy operates primarily in the Western Canadian Sedimentary Basin, focusing on the development and production of crude oil and natural gas.

Bonterra Energy Corp. (TSE:BNE - ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.48 and traded as high as C$3.89. Bonterra Energy shares last traded at C$3.84, with a volume of 18,100 shares trading hands.

Bonterra Energy Stock Performance

The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 29.00. The business has a 50 day moving average price of C$3.58 and a two-hundred day moving average price of C$3.48. The stock has a market cap of C$139.91 million, a P/E ratio of -20.21 and a beta of 0.92.

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.

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