Why did BNG.TO drop -33.33% intraday on 02 Jan 2026?

The intraday drop reflects very low liquidity (volume 8,157.00 vs avg 55,875.00), negative trailing earnings (EPS C$-0.01) and a small market cap that amplifies selling; no major corporate catalyst was reported during the session.

What are the nearest technical support and resistance levels for BNG.TO?

Immediate support is the C$0.01 round level; resistance is around the 50‑ and 200‑day averages near C$0.02. Low volume increases the chance of gap moves beyond these levels.

What is Meyka AI's forecast for BNG.TO and how should I use it?

Meyka AI's forecast model projects monthly C$0.01 and quarterly C$0.02, the latter implying +100.00% from C$0.01; use these model outputs as one input in research and note forecasts are projections, not guarantees.

Is BNG.TO a buy based on fundamentals?

Fundamentals show negative EPS, limited cash per share and small market cap, leading to elevated risk; Meyka AI currently assigns a B grade with HOLD guidance, so investors should conduct further due diligence before buying.

CA Stocks

BNG.TO -33.33% intraday 02 Jan 2026: Bengal Energy hit C$0.01, what’s next

ByDanny Kontos January 2, 2026January 2, 2026

Intraday the BNG.TO stock plunged to C$0.01 on 02 Jan 2026, down -33.33% as traders reacted to thin liquidity and weak fundamentals. Bengal Energy Ltd. (BNG.TO) trades on the TSX in Canada and opened at C$0.01 with 8,157.00 shares changing hands versus a 50‑day average of 55,875.00, underscoring elevated volatility in this small‑cap energy name.