Bion Environmental Technologies (OTCMKTS:BNET) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Bion Environmental Technologies Inc. (OTCMKTS:BNET) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.18 and traded as low as $0.16. Bion Environmental Technologies shares last traded at $0.16, with a volume of 30,589 shares trading hands.

Bion Environmental Technologies Stock Down 13.8%

The firm has a market capitalization of $9.22 million, a P/E ratio of -4.00 and a beta of 1.08. The firm has a 50 day moving average of $0.18 and a 200-day moving average of $0.18.

Bion Environmental Technologies (OTCMKTS:BNET) last announced its quarterly earnings data on Friday, November 14th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02).

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.