Beach Energy (OTCMKTS:BCHEY) Hits New 1-Year High – Here’s Why

Beach Energy Ltd. (OTCMKTS:BCHEY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.60 and last traded at $18.60, with a volume of 359 shares traded. The stock had previously closed at $15.3715.

Beach Energy Price Performance

The company has a current ratio of 1.16, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $15.96 and a 200 day moving average price of $16.36.

Beach Energy Company Profile

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.