Bonterra Resources (CVE:BTR) Stock Price Up 2.3% – Still a Buy?

Shares of Bonterra Resources Inc. (CVE:BTR) traded up 2.3% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.22. 213,186 shares traded hands during mid-day trading, an increase of 89% from the average session volume of 113,071 shares. The stock had previously closed at C$0.22.

Bonterra Resources Price Performance

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. The company has a current ratio of 1.65, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of C$0.23 and a two-hundred day moving average price of C$0.25.

Insiders Place Their Bets

In related news, Director Cesar Gonzalez bought 137,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average price 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 90 days. Corporate insiders own 2.18% of the company’s stock.

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.