Bengal Energy (TSE:BNG) Sets New 1-Year Low – What’s Next?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 42000 shares. The stock had previously closed at C$0.01.

Bengal Energy Trading Down 50.0 %

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’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.02. The firm has a market cap of C$2.43 million, a PE ratio of -0.17 and a beta of 2.19.

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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