Bengal Energy (TSE:BNG) Hits New 1-Year Low – Should You Sell?

Shares of Bengal Energy Ltd. (TSE:BNGGet Free Report) reached a new 52-week low during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 1000 shares trading hands. The stock had previously closed at C$0.01.

Bengal Energy Stock Down 50.0 %

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 moving average price of C$0.02 and a 200-day moving average price of C$0.02. The firm has a market capitalization of C$2.43 million, a PE ratio of -0.33 and a beta of 2.19.

About Bengal Energy

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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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