Bengal Energy (TSE:BNG) Stock Price Down 33.3% – What’s Next?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) fell 33.3% on Monday . The company traded as low as C$0.01 and last traded at C$0.01. 207,299 shares traded hands during trading, an increase of 338% from the average session volume of 47,290 shares. The stock had previously closed at C$0.02.

Bengal Energy Trading Down 33.3 %

The stock has a market cap of C$4.85 million, a P/E ratio of -0.33 and a beta of 2.19. The company has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. 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 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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