Bengal Energy (TSE:BNG) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Bengal Energy Ltd. (TSE:BNG – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$0.03 and traded as low as C$0.02. Bengal Energy shares last traded at C$0.02, with a volume of 15,334 shares changing hands.

Bengal Energy Price Performance

The firm has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$15.87 million, a price-to-earnings ratio of -3.00 and a beta of -2.31. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03.

Bengal Energy Company Profile

(Get Free Report)

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production, and acquisitions. Bengal’s common shares trade on the TSX under the symbol ‘BNG’. Additional information is available at www.bengalenergy.

Further Reading

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