Bengal Energy (TSE:BNG) Trading Down 16.7% – What’s Next?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) were down 16.7% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 367,209 shares traded hands during trading, an increase of 163% from the average daily volume of 139,450 shares. The stock had previously closed at C$0.03.

Bengal Energy Stock Down 16.7%

The stock has a market capitalization of C$12.13 million, a P/E ratio of -2.50 and a beta of -2.31. The company’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 1.14.

About Bengal Energy

(Get Free Report)

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.

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