Bengal Energy (TSE:BNG) Stock Price Up 28.6% – What’s Next?

Bengal Energy Ltd. (TSE:BNG) shares rose 28.6% on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 200,640 shares changed hands during trading, an increase of 18% from the average daily volume of 170,018 shares. The stock had previously closed at C$0.04.

Bengal Energy Stock Up 28.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76. The firm’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.02. The company has a market capitalization of C$21.84 million, a price-to-earnings ratio of -4.50 and a beta of -2.07.

About Bengal Energy

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.