Bengal Energy (TSE:BNG) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.03 and traded as low as C$0.03. Bengal Energy shares last traded at C$0.03, with a volume of 32,186 shares.

Bengal Energy Price Performance

The stock has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.03. 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 firm has a market capitalization of C$13.22 million, a P/E ratio of -2.50 and a beta of -2.21.

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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