Bengal Energy (TSE:BNG) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.01 and traded as low as C$0.01. Bengal Energy shares last traded at C$0.01, with a volume of 9,010 shares changing hands.

Bengal Energy Stock Performance

The company has a 50 day moving average price of C$0.01 and a 200-day moving average price of C$0.01. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. The company has a market cap of C$4.85 million, a P/E ratio of -1.00 and a beta of -0.15.

About Bengal Energy

(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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