Obsidian Energy (OTCMKTS:OBELF) Shares Up 0.7% – Here’s Why

by · The Markets Daily

Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) were up 0.7% on Friday . The company traded as high as $8.23 and last traded at $8.08. Approximately 803,648 shares were traded during trading, an increase of 82% from the average session volume of 441,679 shares. The stock had previously closed at $8.02.

Obsidian Energy Trading Up 0.7%

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 stock has a market cap of $652.33 million, a P/E ratio of 1.94 and a beta of 2.47. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $8.89.

About Obsidian Energy

(Get Free Report)

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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