Bengal Energy Ltd. (TSE:BNG – Get Free Report) shares traded up 25% during mid-day trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. 201,792 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 130,790 shares. The stock had previously closed at C$0.02.
Bengal Energy Stock Performance
The firm’s 50 day moving average is C$0.03 and its 200-day moving average is 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 cap of C$12.13 million, a price-to-earnings ratio of -2.50 and a beta of -2.20.
About Bengal Energy
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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