Bonterra Resources (CVE:BTR) Shares Up 4.8% – Here’s What Happened

Bonterra Resources Inc. (CVE:BTR)’s share price rose 4.8% during mid-day trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.22. Approximately 216,610 shares changed hands during 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 fifty day simple moving average of C$0.22 and a 200 day simple 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$35.95 million, a price-to-earnings ratio of -4.40 and a beta of 1.76.

Insider Buying and Selling

In related news, Director Cesar Gonzalez bought 137,250 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average price of C$0.24 per share, with a total value of C$32,253.75. Insiders have bought 207,250 shares of company stock worth $47,604 in 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.