Beach Energy (OTCMKTS:BCHEY) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Beach Energy Ltd. (OTCMKTS:BCHEYGet Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.94 and traded as low as $16.3945. Beach Energy shares last traded at $16.3945, with a volume of 0 shares traded.

Beach Energy Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.78.

Beach Energy Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.7105 per share. This represents a yield of 591.0%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Beach Energy’s previous dividend of $0.38.

Beach Energy Company Profile

(Get Free Report)

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.

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