Bonterra Resources (CVE:BTR) Stock Price Up 2.3% – Should You Buy?

Shares of Bonterra Resources Inc. (CVE:BTR) rose 2.3% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 213,186 shares changed hands during trading, an increase of 89% from the average daily volume of 113,071 shares. The stock had previously closed at C$0.22.

Bonterra Resources Price Performance

The stock has a market capitalization of C$35.95 million, a P/E ratio of -4.40 and a beta of 1.76. The company has a 50 day moving average of C$0.23 and a 200-day moving average of C$0.25. The company has a quick ratio of 0.91, a current ratio of 1.65 and a debt-to-equity ratio of 0.05.

Insider Activity

In other news, Director Cesar Gonzalez purchased 137,250 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of C$0.24 per share, for a total transaction of C$32,253.75. In the last three months, insiders acquired 207,250 shares of company stock valued at $47,604. Company 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.