Bengal Energy (TSE:BNG) Stock Passes Below Two Hundred Day Moving Average of $0.03

Bengal Energy Ltd. (TSE:BNG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Bengal Energy shares last traded at C$0.03, with a volume of 9,150 shares trading hands.

Bengal Energy Price Performance

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 company’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The stock has a market capitalization of C$14.56 million, a PE ratio of -0.83 and a beta of 2.19.

Bengal Energy (TSE:BNG) last posted its earnings results on Thursday, June 13th. The company reported C($0.02) earnings per share for the quarter. Bengal Energy had a negative net margin of 188.21% and a negative return on equity of 36.76%. The business had revenue of C$1.82 million for the quarter.

Bengal Energy Company Profile

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.