Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report)’s share price shot up 5.5% during trading on Thursday . The company traded as high as $8.50 and last traded at $8.48. 957,256 shares were traded during trading, an increase of 117% from the average session volume of 441,679 shares. The stock had previously closed at $8.04.
Obsidian Energy Price Performance
The company’s 50-day moving average price is $7.05 and its 200-day moving average price is $6.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55. The firm has a market cap of $687.85 million, a price-to-earnings ratio of 2.04 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.
See Also
- Five stocks we like better than Obsidian Energy
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
Receive News & Ratings for Obsidian Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obsidian Energy and related companies with MarketBeat.com's FREE daily email newsletter.
