Bengal Energy (TSE:BNG) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.01 and traded as low as C$0.01. Bengal Energy shares last traded at C$0.02, with a volume of 378,666 shares traded.

Bengal Energy Price Performance

The firm’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76. The stock has a market cap of C$7.28 million, a PE ratio of -0.50 and a beta of 2.19.

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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