Bonterra Energy (OTCMKTS:BNEFF) Trading Down 1.6% – Time to Sell?

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s share price dropped 1.6% during trading on Tuesday . The stock traded as low as $2.50 and last traded at $2.5090. Approximately 6,830 shares were traded during trading, a decline of 49% from the average daily volume of 13,349 shares. The stock had previously closed at $2.5490.

Bonterra Energy Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $91.80 million, a price-to-earnings ratio of -19.30 and a beta of 1.13. The company’s 50-day simple moving average is $2.54 and its 200 day simple moving average is $2.55.

Bonterra Energy (OTCMKTS:BNEFF) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Bonterra Energy had a negative net margin of 2.57% and a negative return on equity of 1.22%. The firm had revenue of $47.26 million for the quarter, compared to the consensus estimate of $66.40 million.

About Bonterra Energy

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.