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

Beach Energy Ltd. (OTCMKTS:BCHEY) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.3715 and last traded at $15.3715, with a volume of 100 shares trading hands. The stock had previously closed at $16.00.

Beach Energy Stock Down 5.8%

The company has a quick ratio of 0.83, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $15.88 and its 200 day moving average is $16.44.

About Beach Energy

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.