Bengal Energy (TSE:BNG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.01 and traded as low as C$0.01. Bengal Energy shares last traded at C$0.01, with a volume of 5,630 shares traded.

Bengal Energy Stock Performance

The firm has a 50-day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01. The firm has a market capitalization of C$2.43 million, a P/E ratio of -0.17 and a beta of 2.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76.

Bengal Energy Company Profile

(Get Free Report)

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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