Morning Mover: Bonterra Energy Corp. (BNE:CA) Gains 1.72% to Lead TSX Composite Energy Stocks on August 18

Bonterra Energy Corp. (BNE:CA) is one of the best performing stocks in the energy sector of the S&P/TSX Composite Index shortly after the opening bell on August 18. Shares of BNE:CA have climbed 1.72% early in the session to $27.25 after closing the day prior at $26.79. So far, the stock has traded as high as $27.33 and as low as $27.05 in morning action. Today's advance has come with about 6,802 shares changing hands, compared to an average 30-day volume of 82,041 for Bonterra Energy Corp.. The price is currently below the 30-day volume weighted average price of $27.16 for BNE:CA.

The share appreciation gives the energy company a market capitalization of $887.91 million based upon 33.14 million shares outstanding. It also means that Bonterra Energy has a price-to-book ratio of 1.55:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of BNE:CA have traded as low as $11.71 and as high as $29.63. Technical traders will take note that at $27.25, shares of BNE:CA are trading above their 200-day MA at $21.39 and above their 50-day MA at $25.62. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Bonterra Energy ?

Bonterra Energy Corp is an oil and gas exploration company operating in the Western Canadian Sedimentary Basin. The Company develops and produces crude oil, natural gas and natural gas liquids. The company’s 38 employees are led by CEO George F. Fink from the corporate headquarters at Suite 901.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

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