Beach Energy (OTCMKTS:BCHEY) Sets New 52-Week High – Should You Buy?

Beach Energy Ltd. (OTCMKTS:BCHEYGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.60 and last traded at $13.60, with a volume of 100 shares traded. The stock had previously closed at $11.10.

Beach Energy Stock Up 19.8%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.83. The business’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $16.53.

About Beach Energy

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Beach Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beach Energy and related companies with MarketBeat.com's FREE daily email newsletter.