Shares of Bengal Energy Ltd. (TSE:BNG – Get Free Report) dropped 11.1% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 77,111 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 165,341 shares. The stock had previously closed at C$0.05.
Bengal Energy Stock Performance
The company has a market cap of C$19.41 million, a PE ratio of -4.00 and a beta of -2.07. The company has a quick ratio of 1.76, a current ratio of 1.14 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.02.
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.
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