Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report)’s share price was down 1.2% during trading on Thursday . The company traded as low as $12.15 and last traded at $12.18. Approximately 490,865 shares changed hands during trading, an increase of 11% from the average daily volume of 441,679 shares. The stock had previously closed at $12.33.
Obsidian Energy Stock Performance
The stock has a 50 day simple moving average of $11.39 and a 200 day simple moving average of $8.49. 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 has a market cap of $892.92 million, a P/E ratio of 2.65 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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