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

Key Points

• Gapped up — Beach Energy opened at $16.32 after a prior close of $15.54, with just 102 shares changing hands at the open.
• Balance-sheet and technicals show a current ratio of 1.16, quick ratio of 0.83 and a very low debt-to-equity of 0.01, with the 50-day SMA at $15.83 versus the 200-day SMA at $16.45.
• Beach Energy is an Australia-based independent oil and gas exploration and production company operating in the Cooper, Otway, Bass and Perth basins, marketing natural gas domestically and supplying crude oil to local and international refineries.

Beach Energy Ltd. (OTCMKTS:BCHEY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.54, but opened at $16.32. Beach Energy shares last traded at $16.32, with a volume of 102 shares changing hands.

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 stock's 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $16.45.

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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