Beach Energy (OTCMKTS:BCHEY) Hits New 12-Month Low – Here’s Why

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

Beach Energy Stock Performance

The stock’s 50-day moving average price is $15.88 and its 200-day moving average price is $16.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.83.

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.