Bonterra Energy (OTCMKTS:BNEFF) Shares Pass Below 50-Day Moving Average – Here’s Why

Bonterra Energy Corp. (OTCMKTS:BNEFF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.24 and traded as low as $3.95. Bonterra Energy shares last traded at $4.00, with a volume of 10,250 shares traded.

Bonterra Energy Trading Up 2.0%

The company has a market capitalization of $149.29 million, a PE ratio of -8.50 and a beta of 0.70. The company has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.28. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Bonterra Energy (OTCMKTS:BNEFF) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.25). Bonterra Energy had a negative return on equity of 4.64% and a negative net margin of 10.40%.The company had revenue of $48.49 million for the quarter, compared to analysts’ expectations of $45.36 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.