Bonterra Resources (CVE:BTR) Shares Down 4.2% – Should You Sell?

Shares of Bonterra Resources Inc. (CVE:BTR) dropped 4.2% during trading on Monday . The stock 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 Trading Up 4.2 %

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 stock’s 50-day moving average price is C$0.26 and its 200 day moving average price is C$0.25. The firm has a market capitalization of C$40.86 million, a PE ratio of -5.00 and a beta of 1.76.

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

Insider Buying and Selling

In related news, Director Cesar Gonzalez bought 122,500 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of C$0.27 per share, with a total value of C$33,075.00. Over the last ninety days, insiders bought 305,000 shares of company stock worth $87,688. 2.18% of the stock is owned by corporate 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.