Bengal Energy (TSE:BNG) Reaches New 1-Year Low – Time to Sell?

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

Bengal Energy Trading Down 25.0 %

The firm has a market cap of C$7.28 million, a PE ratio of -0.67 and a beta of 2.19. 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 company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03.

About Bengal Energy

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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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