Shares of Beach Energy Limited (OTCMKTS:BEPTF – Get Free Report) dropped 7.9% during trading on Thursday . The company traded as low as $0.7181 and last traded at $0.7181. Approximately 5,632 shares traded hands during trading, an increase of 150% from the average daily volume of 2,250 shares. The stock had previously closed at $0.7795.
Beach Energy Stock Down 7.9%
The firm’s fifty day simple moving average is $0.79 and its 200 day simple moving average is $0.81.
About Beach Energy
Beach Energy Limited (OTCMKTS: BEPTF) is an Australian oil and gas exploration and production company headquartered in Adelaide, South Australia. The company focuses on the development of both onshore and offshore hydrocarbon assets and holds a diversified portfolio of exploration permits and producing fields across Australia and New Zealand. Its operations encompass conventional oil and gas, natural gas liquids and associated processing infrastructure.
Key producing regions include the Cooper Basin in South Australia, the Perth Basin in Western Australia, the Gippsland and Otway basins in Victoria, and the Surat Basin in Queensland.
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