Bengal Energy (TSE:BNG) Stock Price Down 20%

Bengal Energy Ltd. (TSE:BNG)’s stock price dropped 20% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 202,000 shares changed hands during trading, an increase of 654% from the average daily volume of 26,799 shares. The stock had previously closed at C$0.03.

Bengal Energy Trading Down 20.0 %

The company has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of 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 1.06. The company has a market capitalization of C$9.71 million, a PE ratio of -0.67 and a beta of 2.19.

Bengal Energy (TSE:BNG) last posted its quarterly earnings data on Thursday, June 13th. The company reported C($0.02) EPS for the quarter. Bengal Energy had a negative return on equity of 36.77% and a negative net margin of 196.39%. The firm had revenue of C$1.82 million for the quarter.

Bengal Energy Company Profile

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.