Bengal Energy (TSE:BNG) Trading 25% Higher – Here’s What Happened

Bengal Energy Ltd. (TSE:BNGGet Free Report) shot up 25% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 201,792 shares were traded during trading, an increase of 54% from the average daily volume of 130,790 shares. The stock had previously closed at C$0.02.

Bengal Energy Stock Performance

The firm has a market capitalization of C$12.13 million, a PE ratio of -2.50 and a beta of -2.20. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

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.

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