Bonterra Energy (OTCMKTS:BNEFF) Trading 0.1% Higher – Here’s Why

Bonterra Energy Corp. (OTCMKTS:BNEFF)’s share price traded up 0.1% during mid-day trading on Friday . The company traded as high as $3.1471 and last traded at $3.1350. 14,215 shares were traded during trading, a decline of 7% from the average session volume of 15,349 shares. The stock had previously closed at $3.1320.

Bonterra Energy Trading Up 0.1%

The firm’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $2.66. The stock has a market cap of $114.68 million, a P/E ratio of -11.20 and a beta of 0.95. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.30.

Bonterra Energy (OTCMKTS:BNEFF) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Bonterra Energy had a negative net margin of 6.17% and a negative return on equity of 2.72%. The business had revenue of $39.61 million for the quarter, compared to the consensus estimate of $59.50 million.

About Bonterra Energy

Bonterra Energy Corp is a Canadian oil and gas exploration and production company focused on the development, production and marketing of crude oil, natural gas and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core activities include drilling, well completions and field operations designed to optimize recovery across its asset base. Bonterra’s integrated approach encompasses everything from reservoir evaluation and land acquisition to production infrastructure and product sales, allowing the company to capture value throughout the commodity price cycle.

Bonterra’s operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on Montney formation assets in northeast British Columbia.