Bengal Energy (TSE:BNG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.02. Bengal Energy shares last traded at C$0.02, with a volume of 39,845 shares changing hands.

Bengal Energy Trading Down 20.0%

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$0.03 and a 200 day simple moving average of C$0.03. The firm has a market cap of C$9.71 million, a PE ratio of -2.00 and a beta of -2.20.

Bengal Energy Company Profile

(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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