Bengal Energy Ltd. (TSE:BNG – Get Free Report) was up 200% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 121,605 shares traded hands during mid-day trading, an increase of 131% from the average daily volume of 52,567 shares. The stock had previously closed at C$0.01.
Bengal Energy Stock Up 200.0 %
The company has a quick ratio of 1.76, a current ratio of 1.14 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a market cap of C$7.28 million, a PE ratio of -0.50 and a beta of 2.19.
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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