Bonterra Resources (CVE:BTR) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Bonterra Resources Inc. (CVE:BTR)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.18 and traded as low as C$0.17. Bonterra Resources shares last traded at C$0.17, with a volume of 57,500 shares traded.

Bonterra Resources Price Performance

The stock’s 50 day moving average price is C$0.18 and its 200-day moving average price is C$0.18. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of -112.51. The stock has a market capitalization of C$36.16 million, a PE ratio of -3.40 and a beta of 0.93.

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.