Richard Norman Edgar Sells 89,000 Shares of Bengal Energy Ltd. (TSE:BNG) Stock

Bengal Energy Ltd. (TSE:BNGGet Rating) Senior Officer Richard Norman Edgar sold 89,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of C$0.12, for a total value of C$10,680.00. Following the sale, the insider now directly owns 213,050 shares of the company’s stock, valued at C$25,566.

Shares of BNG opened at C$0.12 on Friday. Bengal Energy Ltd. has a 1 year low of C$0.06 and a 1 year high of C$0.15. The stock has a market capitalization of C$58.24 million and a P/E ratio of 20.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.94 and a current ratio of 2.18. The company’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.09.

Bengal Energy Company Profile (Get Rating)

Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia. It principally holds interests in the 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and other 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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