Bengal Energy (TSE:BNG) Trading Up 33.3% – What’s Next?

Bengal Energy Ltd. (TSE:BNG) shares traded up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 321,233 shares were traded during trading, an increase of 106% from the average session volume of 155,577 shares. The stock had previously closed at C$0.03.

Bengal Energy Trading 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 has a market cap of C$21.84 million, a PE ratio of -4.50 and a beta of -0.54. The company’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

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.