Bengal Energy (TSE:BNG) Sets New 1-Year Low – Here’s What Happened

Bengal Energy Ltd. (TSE:BNGGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 14814 shares trading hands. The stock had previously closed at C$0.01.

Bengal Energy Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76. The stock has a market capitalization of C$4.85 million, a PE ratio of -0.33 and a beta of 2.19. The company has a 50 day moving average price of C$0.02 and a 200-day moving average price 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.

Further Reading

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