Bengal Energy (TSE:BNG) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Bengal Energy Ltd. (TSE:BNG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.02 and traded as high as C$0.04. Bengal Energy shares last traded at C$0.04, with a volume of 14,311 shares.

Bengal Energy Stock Performance

The stock has a market capitalization of C$16.99 million, a PE ratio of -3.50 and a beta of -2.07. The business has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76.

Bengal Energy Company Profile

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.