Bengal Energy (TSE:BNG) Sets New 1-Year High – Here’s Why

Bengal Energy Ltd. (TSE:BNG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03, with a volume of 6105 shares trading hands. The stock had previously closed at C$0.02.

Bengal Energy Stock Up 25.0%

The stock has a market cap of C$12.13 million, a PE ratio of -2.50 and a beta of -0.54. 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 company has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.01.

About Bengal Energy

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.