Bonterra Energy (TSE:BNE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Bonterra Energy Corp. (TSE:BNE)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$6.17 and traded as low as C$5.96. Bonterra Energy shares last traded at C$6.33, with a volume of 117,043 shares trading hands.

Bonterra Energy Price Performance

The company has a quick ratio of 0.21, a current ratio of 0.60 and a debt-to-equity ratio of 32.35. The company has a 50 day simple moving average of C$5.92 and a 200-day simple moving average of C$6.17. The stock has a market cap of C$222.74 million, a price-to-earnings ratio of -88.57 and a beta of -0.07.

Bonterra Energy (TSE:BNE) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.58 earnings per share for the quarter. The business had revenue of C$87.10 million during the quarter. Bonterra Energy had a negative return on equity of 0.41% and a negative net margin of 0.86%. As a group, research analysts anticipate that Bonterra Energy Corp. will post 0.336726 EPS for the current fiscal year.

About Bonterra Energy

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. Bonterra’s liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.