Bonterra Resources (CVE:BTR) Shares Up 2.3% – Here’s What Happened

Shares of Bonterra Resources Inc. (CVE:BTR) shot up 2.3% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 213,186 shares were traded during 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 Trading Up 2.3 %

The company has a quick ratio of 0.91, a current ratio of 1.65 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is C$0.23 and its 200 day simple moving average is C$0.25. The stock has a market capitalization of C$35.95 million, a P/E ratio of -4.40 and a beta of 1.76.

Insider Activity at Bonterra Resources

In related news, Director Cesar Gonzalez purchased 137,250 shares of the firm’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 acquired a total of 207,250 shares of company stock valued at $47,604 over the last ninety days. 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.