Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares were down 2.1% during trading on Friday . The company traded as low as $8.85 and last traded at $8.87. 375,002 shares traded hands during trading, a decline of 15% from the average session volume of 441,679 shares. The stock had previously closed at $9.06.
Obsidian Energy Stock Down 2.1%
The firm’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $9.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $716.11 million, a P/E ratio of 2.13 and a beta of 2.47.
About Obsidian Energy
Obsidian Energy Ltd. is a Calgary-based independent oil and gas company specializing in the exploration, development and production of light oil and natural gas. The company focuses on generating stable cash flow through low-cost operations and disciplined capital investment. Its upstream activities are centered on exploiting long-life assets with upside potential in established plays.
The company’s core operations are located within the Western Canadian Sedimentary Basin, primarily in Alberta’s Montney and Cardium formations.
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