Bonterra Resources (CVE:BTR) Trading Up 3.7% – Still a Buy?

Shares of Bonterra Resources Inc. (CVE:BTR) were up 3.7% during mid-day trading on Monday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 78,404 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 144,903 shares. The stock had previously closed at C$0.27.

Bonterra Resources Stock Performance

The company’s 50 day simple moving average is C$0.27 and its 200 day simple moving average is C$0.26. 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 stock has a market cap of C$45.76 million, a PE ratio of -5.60 and a beta of 1.76.

Bonterra Resources (CVE:BTR) last issued its quarterly earnings results on Thursday, August 15th. The company reported C($0.02) EPS for the quarter.

Insider Activity

In related news, Director Cesar Gonzalez purchased 180,000 shares of Bonterra Resources stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of C$0.30 per share, for a total transaction of C$54,000.00. Insiders acquired a total of 305,000 shares of company stock valued at $87,688 in the last ninety days. 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.