Bonterra Energy (TSE:BNE) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Bonterra Energy Corp. (TSE:BNE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.45 and traded as high as C$3.71. Bonterra Energy shares last traded at C$3.68, with a volume of 39,363 shares changing hands.

Bonterra Energy Stock Performance

The company’s fifty day moving average price is C$3.24 and its 200 day moving average price is C$3.45. The company has a debt-to-equity ratio of 29.00, a current ratio of 0.53 and a quick ratio of 0.21. The company has a market cap of C$139.26 million, a PE ratio of 5.08 and a beta of 2.66.

Insider Buying and Selling

In related news, Director Stacey Elizabeth Mcdonald acquired 8,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of C$3.59 per share, for a total transaction of C$30,481.00. Over the last 90 days, insiders purchased 15,920 shares of company stock worth $53,340. Insiders own 13.89% of the company’s stock.

Bonterra Energy Company Profile

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.