Bengal Energy (TSE:BNG) Sets New 52-Week Low – Here’s What Happened

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 15002 shares changing hands. The stock had previously closed at C$0.02.

Bengal Energy Stock Down 25.0 %

The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.03. 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$7.28 million, a P/E ratio of -0.50 and a beta of 2.19.

Bengal Energy Company Profile

(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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