Bonterra Resources (CVE:BTR) Shares Down 4.2% – Here’s What Happened

Bonterra Resources Inc. (CVE:BTR)’s share price dropped 4.2% on Monday . The company traded as low as C$0.22 and last traded at C$0.23. Approximately 176,917 shares traded 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 firm has a 50 day moving average price of C$0.26 and a two-hundred day moving average price of 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. The company has a market capitalization of C$40.86 million, a P/E ratio of -5.00 and a beta of 1.76.

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

Insider Activity

In other news, Director Cesar Gonzalez purchased 122,500 shares of the company’s stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of C$0.27 per share, with a total value of C$33,075.00. Insiders purchased 305,000 shares of company stock worth $87,688 in the last quarter. Corporate insiders own 2.18% of the company’s stock.

Bonterra Resources Company Profile

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.