Bengal Energy (TSE:BNG) Hits New 52-Week Low – What’s Next?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 20000 shares traded. The stock had previously closed at C$0.01.

Bengal Energy Trading Down 50.0 %

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 cap of C$2.43 million, a P/E ratio of -0.33 and a beta of 2.19. The firm has a 50 day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02.

About Bengal Energy

(Get Free Report)

Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia. It holds interests in the PL 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses situated within an area of the Cooper Basin. The company was formerly known as Avery Resources Inc and changed its name to Bengal Energy Ltd.

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