Bengal Energy Ltd. (TSE:BNG – Get Free Report)’s stock price shot up 100% during trading on Monday . The company traded as high as C$0.02 and last traded at C$0.01. 2,158,600 shares traded hands during mid-day trading, an increase of 3,137% from the average session volume of 66,692 shares. The stock had previously closed at C$0.01.
Bengal Energy Stock Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.14 and a quick ratio of 1.76. The company has a market cap of C$4.85 million, a PE ratio of -0.33 and a beta of 2.19. The business has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.02.
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.
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