Bengal Energy (TSE:BNG) Stock Price Down 20% – Here’s Why

Bengal Energy Ltd. (TSE:BNG – Get Free Report) shares traded down 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 102,601 shares were traded during trading, a decline of 21% from the average daily volume of 130,181 shares. The stock had previously closed at C$0.03.

Bengal Energy Trading Up 25.0%

The firm has a market cap of C$12.13 million, a PE ratio of -2.50 and a beta of -2.20. The firm has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03.

Bengal Energy Company Profile

(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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