Bonterra Resources (CVE:BTR) Shares Up 2.3% – Here’s What Happened

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

Bonterra Resources Stock Down 4.5 %

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 debt-to-equity ratio of 0.05, a current ratio of 1.65 and a quick ratio of 0.91. The company has a market cap of C$34.32 million, a P/E ratio of -4.20 and a beta of 1.76.

Insider Activity

In related news, Director Cesar Gonzalez acquired 137,250 shares of the stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of C$0.24 per share, for a total transaction of C$32,253.75. In the last 90 days, insiders acquired 207,250 shares of company stock worth $47,604. 2.18% of the stock is currently owned by insiders.

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.