Bengal Energy (TSE:BNG) Reaches New 1-Year Low at $0.02

Bengal Energy Ltd. (TSE:BNG)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 519780 shares. The stock had previously closed at C$0.03.

Bengal Energy Stock Down 20.0 %

The firm’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a market capitalization of C$9.71 million, a price-to-earnings ratio of -90.00 and a beta of 2.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 1.76.

Bengal Energy (TSE:BNG) last announced its quarterly earnings results on Thursday, June 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. Bengal Energy had a negative return on equity of 4.52% and a negative net margin of 28.57%. The company had revenue of C$1.82 million for the quarter.

About Bengal Energy

Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia. It holds interests in the PL 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses situated within an area of the Cooper Basin. The company was formerly known as Avery Resources Inc and changed its name to Bengal Energy Ltd.