Bion Environmental Technologies (OTCMKTS:BNET) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Bion Environmental Technologies, Inc. (OTCMKTS:BNET) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.41 and traded as low as $0.24. Bion Environmental Technologies shares last traded at $0.24, with a volume of 510 shares traded.

Bion Environmental Technologies Price Performance

The company has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.41. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.50. The firm has a market cap of $15.45 million, a P/E ratio of -5.40 and a beta of -0.09.

Bion Environmental Technologies (OTCMKTS:BNET) last announced its quarterly earnings results on Monday, September 30th. The basic materials company reported ($0.18) earnings per share for the quarter.

About Bion Environmental Technologies

Bion Environmental Technologies, Inc develops patented and proprietary technology that provides waste treatment and resource recovery solutions for concentrated animal feeding operations (CAFOs) in the United States and internationally. The company offers Gen3Tech, a third-generation technology and business/technology platform, which remediates environmental problems and improve operational/resource efficiencies through recovering co-products from the CAFOs’ waste stream, including renewable energy, fertilizer products, and clean water.