Bengal Energy (TSE:BNG) Shares Pass Below Two Hundred Day Moving Average of $0.00

Bengal Energy Ltd (TSE:BNG) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $0.09. Bengal Energy shares last traded at $0.09, with a volume of 10,500 shares trading hands.

The stock’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.11. The firm has a market capitalization of $10.23 million and a price-to-earnings ratio of -3.75. The company has a debt-to-equity ratio of 76.82, a quick ratio of 0.31 and a current ratio of 0.33.

About Bengal Energy (TSE:BNG)

Bengal Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas reserves in Australia and India. It principally holds interests in the Cuisinier, Barrolka, and Tookoonooka situated within an area of the Cooper Basin. The company was formerly known as Avery Resources and changed its name to Bengal Energy Ltd.

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