Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 567,552 shares, a growth of 117.2% from the September 15th total of 261,296 shares. Based on an average trading volume of 873 shares, the days-to-cover ratio is presently 650.1 days.
Beach Energy Stock Performance
OTCMKTS BEPTF opened at $0.59 on Wednesday. Beach Energy has a 12 month low of $0.55 and a 12 month high of $0.95. The company’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.70.
Beach Energy Company Profile
Beach Energy Limited is an Australian oil and gas exploration and production company. It explores for, develops and produces hydrocarbons, with its operations focused primarily on onshore and offshore assets in Australia.
The company’s portfolio includes interests in the Cooper Basin in South Australia and Queensland, the Otway Basin in Victoria, and the Perth Basin in Western Australia. Its products include natural gas, crude oil, condensate and liquefied petroleum gas, which are supplied to Australian energy markets.
Beach Energy traces its origins to Beach Petroleum, established in 1961.
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