Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) traded up 10.8% on Thursday . The company traded as high as $11.74 and last traded at $11.70. 2,944,088 shares changed hands during trading, an increase of 567% from the average session volume of 441,679 shares. The stock had previously closed at $10.56.
Obsidian Energy Price Performance
The firm has a 50-day moving average of $8.78 and a 200-day moving average of $7.15. The firm has a market capitalization of $944.59 million, a P/E ratio of 2.81 and a beta of 2.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.54 and a current ratio of 0.54.
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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