Bengal Energy (TSE:BNG) Shares Down 11.1% – Should You Sell?

Shares of Bengal Energy Ltd. (TSE:BNG) traded down 11.1% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 77,111 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 165,341 shares. The stock had previously closed at C$0.05.

Bengal Energy Stock Down 11.1%

The stock’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The company has a current ratio of 1.14, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of C$19.41 million, a P/E ratio of -4.00 and a beta of -2.07.

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.