Bengal Energy (TSE:BNG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.02. Bengal Energy shares last traded at C$0.02, with a volume of 39,845 shares traded.

Bengal Energy Stock Performance

The business’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. 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 firm has a market cap of C$9.71 million, a price-to-earnings ratio of -2.00 and a beta of -2.20.

About Bengal Energy

(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.

Further Reading

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