Bengal Energy (TSE:BNG) Trading Down 20% – Here’s Why

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares fell 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 102,601 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 130,181 shares. The stock had previously closed at C$0.03.

Bengal Energy Trading Down 20.0%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 1.14. The stock has a market capitalization of C$9.71 million, a PE ratio of -2.00 and a beta of -2.20. The stock has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03.

Bengal Energy Company Profile

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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.

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