Bengal Energy (TSE:BNG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Bengal Energy Ltd. (TSE:BNGGet Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.01 and traded as high as C$0.02. Bengal Energy shares last traded at C$0.02, with a volume of 6,108 shares changing hands.

Bengal Energy Stock Up 50.0%

The company has a market capitalization of C$7.28 million, a price-to-earnings ratio of -1.50 and a beta of -0.10. 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 business’s 50 day moving average is C$0.01 and its 200 day moving average is C$0.01.

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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