Bengal Energy Ltd. (TSE:BNG – Get Free Report) shares dropped 16.7% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 367,209 shares were traded during mid-day trading, an increase of 163% from the average daily volume of 139,450 shares. The stock had previously closed at C$0.03.
Bengal Energy Stock Down 16.7%
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 firm has a market capitalization of C$12.13 million, a P/E ratio of -2.50 and a beta of -2.31. The company’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03.
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.
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