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

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares passed below its 200-day moving average during trading on Thursday . 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$0.01, with a volume of 2,000 shares.

Bengal Energy Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. The firm has a market cap of C$7.28 million, a P/E ratio of -0.50 and a beta of 2.19. The firm has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01.

About Bengal Energy

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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.

Further Reading

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