Beach Energy (OTCMKTS:BCHEY) Hits New 1-Year High - Still a Buy?

Key Points

• Beach Energy hit a new 52‑week high of $18.60 on Monday (volume 359 shares), up from a prior close of $15.3715.
• Technical and liquidity metrics show a 50‑day moving average of $15.86 versus a 200‑day of $16.35, with a current ratio of 1.16, quick ratio 0.83 and a very low debt‑to‑equity of 0.01.
• Beach Energy is an Australian upstream oil and gas producer operating in the Cooper, Otway, Bass and Perth basins, marketing natural gas domestically and selling crude oil to local and international refineries.

Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report)'s share price hit a new 52-week high during 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 Stock Performance

The company's fifty day moving average is $15.86 and its two-hundred day moving average is $16.35. The company has a quick ratio of 0.83, a current ratio of 1.16 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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