Beach Energy (OTCMKTS:BCHEY) Shares Gap Up – Time to Buy?

Beach Energy Ltd. (OTCMKTS:BCHEY)’s share price gapped up before the market opened 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 trading hands.

Beach Energy Stock Performance

The stock has a 50 day moving average price of $15.87 and a 200 day moving average price of $16.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 1.16.

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.