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

Bonterra Resources Inc. (CVE:BTR)’s share price shot up 2.3% during mid-day 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 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 Stock Up 2.3 %

The stock has a market capitalization of C$35.95 million, a P/E 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 firm’s fifty day moving average is C$0.23 and its 200-day moving average is C$0.25.

Insider Activity

In other Bonterra Resources news, Director Cesar Gonzalez bought 137,250 shares of the stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of C$0.24 per share, for a total transaction of C$32,253.75. Over the last 90 days, insiders bought 207,250 shares of company stock worth $47,604. 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.