Bengal Energy (TSE:BNG) Stock Price Up 25% – Should You Buy?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s share price traded up 25% during trading on Monday . The stock traded as high as C$0.03 and last traded at C$0.03. 265,020 shares were traded during mid-day trading, an increase of 62% from the average session volume of 163,782 shares. The stock had previously closed at C$0.02.

Bengal Energy Price Performance

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 company’s 50-day moving average is C$0.01 and its 200-day moving average is C$0.01. The firm has a market capitalization of C$12.13 million, a price-to-earnings ratio of -2.50 and a beta of -0.41.

About Bengal Energy

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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.

Further Reading

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