Bion Environmental Technologies (OTCMKTS:BNET) Shares Break Below Two Hundred Day Moving Average – What’s Next?

Bion Environmental Technologies Inc. (OTCMKTS:BNET)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $0.19 and traded as low as $0.1868. Bion Environmental Technologies shares last traded at $0.27, with a volume of 104,580 shares.

Bion Environmental Technologies Stock Performance

The company has a market capitalization of $11.62 million, a PE ratio of -5.00 and a beta of 0.79. The firm’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.19.

Bion Environmental Technologies (OTCMKTS:BNET) last released its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05).

About Bion Environmental Technologies

Bion Environmental Technologies, Inc (OTCMKTS:BNET) develops environmental technologies for the livestock industry, with a focus on treating and managing waste from concentrated animal feeding operations. Its systems are designed to reduce the environmental impacts associated with livestock production while supporting the recovery of useful resources from animal waste.

The company’s technology platform is intended to capture and process nutrients, including nitrogen and phosphorus, and reduce ammonia emissions, odors, pathogens and other pollutants.