Bengal Energy (TSE:BNG) Sets New 1-Year High – What’s Next?

Bengal Energy Ltd. (TSE:BNG) shares reached a new 52-week high during trading on Friday . The company traded as high as C$0.03 and last traded at C$0.02, with a volume of 53571 shares. The stock had previously closed at C$0.02.

Bengal Energy Stock Performance

The business has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.01. The stock has a market capitalization of C$9.71 million, a price-to-earnings ratio of -2.00 and a beta of -0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 1.14.

Bengal Energy (TSE:BNG) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$0.89 million during the quarter. Bengal Energy had a negative return on equity of 36.76% and a negative net margin of 188.21%.

About Bengal Energy

Bengal Energy Ltd is involved in the exploration, development and production of oil and gas reserves in Australia. It has two reportable operating segments the Australian oil and gas operations and corporate. Its producing assets are predominantly situated in Australia, in the Cooper Basin, a region featuring large hydrocarbon pools.