Beach Energy (OTCMKTS:BCHEY) Shares Up 10.6% – What’s Next?

Beach Energy Ltd. (OTCMKTS:BCHEY)’s share price was up 10.6% during mid-day trading on Monday . The stock traded as high as $17.18 and last traded at $17.18. Approximately 203 shares traded hands during trading, an increase of 36,809% from the average daily volume of 1 shares. The stock had previously closed at $15.53.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Beach Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 11th.

Beach Energy Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.61 and a current ratio of 0.84. The firm has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $16.39.

Beach Energy Company Profile

Beach Energy Limited operates as an oil and gas exploration and production company. It engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. The company also explores, develops, produces, and transports hydrocarbons; and sells gas and liquid hydrocarbons.