Bengal Energy (TSE:BNG) Reaches New 1-Year High – Still a Buy?

Bengal Energy Ltd. (TSE:BNGGet Free Report) reached a new 52-week high on Monday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 5512 shares traded. The stock had previously closed at C$0.03.

Bengal Energy Trading Up 50.0%

The company has a market capitalization of C$14.56 million, a PE ratio of -3.00 and a beta of -0.54. The company has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03.

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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