Beach Energy Ltd. (OTCMKTS:BCHEY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $11.35, but opened at $13.60. Beach Energy shares last traded at $13.60, with a volume of 917 shares.
Beach Energy Stock Up 19.8%
The business has a 50-day moving average price of $16.25 and a 200 day moving average price of $16.51. The company has a current ratio of 1.16, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01.
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.
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