Bengal Energy (TSE:BNG) Hits New 52-Week Low at $0.04

Bengal Energy Ltd. (TSE:BNGGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 3500 shares trading hands. The stock had previously closed at C$0.05.

Bengal Energy Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.76 and a current ratio of 0.86. The firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The firm has a market capitalization of C$19.41 million, a price-to-earnings ratio of -90.00 and a beta of 2.73.

Bengal Energy Company Profile

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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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