Bion Environmental Technologies (OTCMKTS:BNET) Share Price Breaks Below 200 Day Moving Average – What’s Next?

Bion Environmental Technologies Inc. (OTCMKTS:BNET)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.21 and traded as low as $0.18. Bion Environmental Technologies shares last traded at $0.18, with a volume of 54,784 shares changing hands.

Bion Environmental Technologies Price Performance

The company has a market capitalization of $10.46 million, a PE ratio of -4.50 and a beta of 0.79. The company’s fifty day moving average is $0.18 and its 200-day moving average is $0.21.

Bion Environmental Technologies (OTCMKTS:BNET) last posted its earnings results on Tuesday, September 29th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05).

About Bion Environmental Technologies

Bion Environmental Technologies, Inc develops and commercializes environmental technologies for the livestock and agricultural industries. Its core focus is the treatment and conversion of animal waste generated by concentrated animal feeding operations and other large-scale livestock facilities.

The company’s proprietary systems are designed to manage manure and wastewater while reducing odors, ammonia emissions, pathogens, and greenhouse-gas emissions. The technology is also intended to recover useful resources, including renewable natural gas, concentrated fertilizer products, and other nutrients, helping support more sustainable livestock production.

Bion has historically pursued projects in the United States and has described its approach as an integrated waste-management and resource-recovery platform rather than a conventional manure-storage system.