Bengal Energy Ltd (TSE:BNG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.09 and traded as low as $0.05. Bengal Energy shares last traded at $0.07, with a volume of 77,000 shares.

The company’s 50-day moving average is C$0.07 and its 200-day moving average is C$0.09. The company has a debt-to-equity ratio of 87.52, a current ratio of 0.22 and a quick ratio of 0.21. The firm has a market capitalization of $8.18 million and a price-to-earnings ratio of -2.80.

Bengal Energy Company Profile (TSE:BNG)

Bengal Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves in Australia and India. It principally holds interests in the Cuisinier, Barrolka, and Tookoonooka situated within an area of the Cooper Basin. The company was formerly known as Avery Resources and changed its name to Bengal Energy Ltd.

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