Bengal Energy (TSE:BNG) Reaches New 12-Month Low – Here’s Why

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 14000 shares changing hands. The stock had previously closed at C$0.02.

Bengal Energy Price Performance

The firm has a market capitalization of C$9.71 million, a price-to-earnings ratio of -0.50 and a beta of 2.19. The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.03. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03.

About Bengal Energy

(Get Free Report)

Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia. It holds interests in the PL 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses situated within an area of the Cooper Basin. The company was formerly known as Avery Resources Inc and changed its name to Bengal Energy Ltd.

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