Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares rose 0.7% during mid-day trading on Friday . The company traded as high as $8.23 and last traded at $8.08. 803,648 shares were traded during trading, an increase of 82% from the average daily volume of 441,679 shares. The stock had previously closed at $8.02.
Obsidian Energy Stock Up 0.6%
The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $11.59 and its 200-day simple moving average is $8.89. The firm has a market capitalization of $656.37 million, a P/E ratio of 1.95 and a beta of 2.47.
Obsidian Energy Company Profile
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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