Bonterra Resources (CVE:BTR) Trading 4.8% Higher – Here’s Why

Bonterra Resources Inc. (CVE:BTR)’s stock price rose 4.8% during trading on Thursday . The stock traded as high as C$0.23 and last traded at C$0.22. Approximately 216,610 shares changed hands during mid-day trading, an increase of 213% from the average daily volume of 69,270 shares. The stock had previously closed at C$0.21.

Bonterra Resources Stock Up 4.8 %

The firm has a market cap of C$35.95 million, a price-to-earnings ratio of -4.40 and a beta of 1.76. The business’s 50-day moving average is C$0.22 and its 200-day moving average is C$0.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.65.

Insider Activity at Bonterra Resources

In related news, Director Cesar Gonzalez acquired 137,250 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of C$0.24 per share, for a total transaction of C$32,253.75. Insiders acquired 207,250 shares of company stock valued at $47,604 in the last three months. Corporate insiders own 2.18% of the company’s stock.

About Bonterra Resources

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.