Bengal Energy (TSE:BNG) Hits New 52-Week High – Still a Buy?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.02, with a volume of 162701 shares trading hands. The stock had previously closed at C$0.02.

Bengal Energy Stock Performance

The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01. 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 stock has a market capitalization of C$9.71 million, a PE ratio of -2.00 and a beta of -0.54.

About Bengal Energy

(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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