Obsidian Energy (OTCMKTS:OBELF) Trading 1.1% Higher – Here’s Why

Obsidian Energy Ltd. (OTCMKTS:OBELFGet Free Report) shot up 1.1% during mid-day trading on Thursday . The stock traded as high as $5.6925 and last traded at $5.66. 283,793 shares were traded during mid-day trading, a decline of 36% from the average session volume of 441,679 shares. The stock had previously closed at $5.60.

Obsidian Energy Stock Performance

The firm has a fifty day simple moving average of $6.01 and a 200-day simple moving average of $5.92. 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 company has a market cap of $456.95 million, a PE ratio of 1.36 and a beta of 2.47.

About Obsidian Energy

(Get Free Report)

Obsidian Energy Ltd. is an exploration and production company. The firm engages in exploring, developing, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests.

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