Bonterra Resources (CVE:BTR) Trading 4.8% Higher – Here’s Why

Bonterra Resources Inc. (CVE:BTR)’s stock price was up 4.8% on Thursday . The stock traded as high as C$0.23 and last traded at C$0.22. Approximately 216,610 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 69,270 shares. The stock had previously closed at C$0.21.

Bonterra Resources Stock Performance

The firm has a market cap of C$37.59 million, a PE ratio of -4.60 and a beta of 1.76. 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 firm’s 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.25.

Insider Buying and Selling at Bonterra Resources

In related news, Director Cesar Gonzalez purchased 137,250 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of C$0.24 per share, for a total transaction of C$32,253.75. Insiders have acquired 207,250 shares of company stock worth $47,604 over the last quarter. 2.18% of the stock is currently owned by company insiders.

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.