Bengal Energy (TSE:BNG) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Bengal Energy Ltd. (TSE:BNGGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.01 and traded as low as C$0.01. Bengal Energy shares last traded at C$0.01, with a volume of 4,000 shares.

Bengal Energy Stock Down 33.3 %

The firm has a market capitalization of C$4.85 million, a P/E ratio of -0.33 and a beta of 2.19. 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 50 day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01.

About Bengal Energy

(Get Free Report)

Bengal Energy Ltd is involved in the exploration, development and production of oil and gas reserves in Australia. It has two reportable operating segments the Australian oil and gas operations and corporate. Its producing assets are predominantly situated in Australia, in the Cooper Basin, a region featuring large hydrocarbon pools.

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