Beach Energy (OTCMKTS:BCHEY) Sets New 52-Week Low – Here’s Why

Beach Energy Ltd. (OTCMKTS:BCHEYGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $11.10 and last traded at $11.10, with a volume of 252 shares. The stock had previously closed at $17.78.

Beach Energy Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 1.16. The firm has a 50-day moving average price of $17.00 and a 200-day moving average price of $16.70.

About Beach Energy

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Beach Energy (OTCMKTS:BCHEY) is an Australia-based independent oil and gas exploration and production company. It focuses on the upstream segment of the hydrocarbons industry, encompassing geological appraisal, field development and production of both conventional and unconventional oil and gas resources. The company markets natural gas to domestic east coast customers and supplies crude oil to local and international refineries.

Beach Energy’s operations span several key sedimentary basins across Australia, including the Cooper Basin in South Australia, the Otway and Bass Basins in Victoria, and onshore assets in the Perth Basin of Western Australia.

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