Bengal Energy Ltd. (TSE:BNG – Get Free Report) shares fell 33.3% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01. 276,585 shares were traded during mid-day trading, an increase of 310% from the average session volume of 67,480 shares. The stock had previously closed at C$0.02.
Bengal Energy Stock Performance
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 business has a 50 day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.02. The firm has a market cap of C$4.85 million, a PE ratio of -0.50 and a beta of 2.19.
About Bengal Energy
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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