Bengal Energy (TSE:BNG) Shares Down 20% – Here’s Why

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s stock price traded down 20% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 183,000 shares were traded during trading, an increase of 31% from the average session volume of 140,221 shares. The stock had previously closed at C$0.03.

Bengal Energy Price Performance

The stock has a fifty day moving average price of C$0.02 and a 200-day moving average price of C$0.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 1.14. The firm has a market capitalization of C$9.71 million, a PE ratio of -2.00 and a beta of -0.54.

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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