Shares of Bengal Energy Ltd. (TSE:BNG – Get Free Report) were up 100% during trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.01. Approximately 2,158,600 shares changed hands during mid-day trading, an increase of 3,137% from the average daily volume of 66,692 shares. The stock had previously closed at C$0.01.
Bengal Energy Price Performance
The business’s 50-day moving average is C$0.01 and its two-hundred day moving average is C$0.02. The company has a market capitalization of C$7.28 million, a P/E ratio of -0.33 and a beta of 2.19. The company has a quick ratio of 1.76, a current ratio of 1.14 and a debt-to-equity ratio of 0.03.
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.
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