Bonterra Resources (CVE:BTR) Shares Down 4.2% – Time to Sell?

Bonterra Resources Inc. (CVE:BTRGet Free Report) was down 4.2% on Monday . The stock traded as low as C$0.22 and last traded at C$0.23. Approximately 176,917 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 140,699 shares. The stock had previously closed at C$0.24.

Bonterra Resources Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.65 and a quick ratio of 0.91. The firm has a fifty day moving average price of C$0.27 and a two-hundred day moving average price of C$0.25. The stock has a market capitalization of C$37.59 million, a PE ratio of -4.60 and a beta of 1.76.

Bonterra Resources (CVE:BTRGet Free Report) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.02) EPS for the quarter.

Insiders Place Their Bets

In other news, Director Cesar Gonzalez acquired 122,500 shares of Bonterra Resources stock in a transaction on Friday, September 27th. The shares were bought at an average cost of C$0.27 per share, for a total transaction of C$33,075.00. Insiders have bought 305,000 shares of company stock worth $87,688 in the last ninety days. 2.18% of the stock is owned by company insiders.

About Bonterra Resources

(Get Free Report)

Bonterra Resources Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores primarily for gold and silver deposits. The company's primary projects include the Gladiator, Moroy, and Barry deposits. It also owns 100% interest in the Bachelor Mill. Bonterra Resources Inc was incorporated in 2007 and is headquartered in Val-D'or, Canada.

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