Beach Energy (OTCMKTS:BCHEY) Shares Gap Up - Here's What Happened

Key Points

• BCHEY gapped up pre-market: the stock closed at $17.35, opened at $18.10 and last traded at $18.47 on light volume (208 shares).
• The shares trade above key technicals (50-day $16.03; 200-day $16.38) and the company has very low leverage with a debt-to-equity of 0.01, though liquidity is modest (current ratio 1.16; quick ratio 0.83).
• Beach Energy is an Australia-based independent oil and gas exploration and production company operating in the Cooper, Otway, Bass and Perth basins, selling natural gas domestically and crude oil to local and international refineries.

Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.35, but opened at $18.10. Beach Energy shares last traded at $18.47, with a volume of 208 shares.

Beach Energy Stock Performance

The company's fifty day moving average is $16.03 and its 200 day moving average is $16.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.83.

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.

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