Bengal Energy (TSE:BNG) Stock Crosses Below 200 Day Moving Average of $0.03

Bengal Energy Ltd. (TSE:BNG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Bengal Energy shares last traded at C$0.03, with a volume of 85,000 shares trading hands.

Bengal Energy Stock Down 14.3 %

The company has a current ratio of 0.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of C$14.56 million, a PE ratio of -90.00 and a beta of 2.39. The stock’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03.

Bengal Energy (TSE:BNG) last released its quarterly earnings results on Thursday, June 13th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$1.82 million for the quarter. Bengal Energy had a negative return on equity of 4.52% and a negative net margin of 28.57%.

About Bengal Energy

Bengal Energy Ltd. engages in the exploration, development, and production of oil and gas reserves in Australia. It holds interests in the PL 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses situated within an area of the Cooper Basin. The company was formerly known as Avery Resources Inc and changed its name to Bengal Energy Ltd.