Bengal Energy (TSE:BNG) Stock Price Down 20% – Time to Sell?

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares traded down 20% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 102,601 shares were traded during mid-day trading, a decline of 21% from the average session volume of 130,181 shares. The stock had previously closed at C$0.03.

Bengal Energy Trading Down 20.0%

The company has a quick ratio of 1.76, a current ratio of 1.14 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of C$9.71 million, a PE ratio of -2.00 and a beta of -2.20. The stock’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03.

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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