Bengal Energy Ltd. (TSE:BNG – Get Free Report)’s share price shot up 100% during mid-day trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.01. 2,158,600 shares traded hands during trading, an increase of 3,137% from the average session volume of 66,692 shares. The stock had previously closed at C$0.01.
Bengal Energy Price Performance
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 company has a market capitalization of C$4.85 million, a P/E ratio of -0.33 and a beta of 2.19. The business’s fifty day moving average price is C$0.01 and its 200-day moving average price is C$0.02.
About Bengal Energy
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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