Bengal Energy (TSE:BNG) Reaches New 1-Year High – Here’s Why

Bengal Energy Ltd. (TSE:BNG)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$0.03 and last traded at C$0.02, with a volume of 53571 shares trading hands. The stock had previously closed at C$0.02.

Bengal Energy Price Performance

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 stock has a market capitalization of C$9.71 million, a PE ratio of -2.00 and a beta of -0.41. The stock’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

Bengal Energy (TSE:BNG) last released its quarterly earnings results on Tuesday, November 11th. The company reported C$0.00 earnings per share for the quarter. Bengal Energy had a negative net margin of 188.21% and a negative return on equity of 36.76%. The company had revenue of C$0.89 million for the quarter.

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.