Bonterra Energy (TSE:BNE) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bonterra Energy Corp.'s stock price recently crossed above its 200-day moving average of C$3.48, trading as high as C$3.69 before settling at C$3.61.
• Despite a stock increase of 2.6%, Bonterra's current ratio is low at 0.53 and its debt-to-equity ratio is notably high at 29.00.
• The company focuses on oil and gas exploration in the Western Canadian Sedimentary Basin and holds assets primarily in crude oil and natural gas.

Bonterra Energy Corp. (TSE:BNE - )'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.48 and traded as high as C$3.69. Bonterra Energy shares last traded at C$3.61, with a volume of 44,024 shares.

Bonterra Energy Stock Up 2.6%

The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 29.00. The stock has a market cap of C$131.53 million, a P/E ratio of -19.00 and a beta of 0.73. The firm has a 50-day simple moving average of C$3.56 and a two-hundred day simple moving average of C$3.48.

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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