Obsidian Energy (OTCMKTS:OBELF) Shares Up 7.1% – Here’s Why

Obsidian Energy Ltd. (OTCMKTS:OBELFGet Free Report)’s share price traded up 7.1% during trading on Tuesday . The stock traded as high as $6.05 and last traded at $6.00. 682,129 shares were traded during mid-day trading, an increase of 54% from the average session volume of 441,679 shares. The stock had previously closed at $5.60.

Obsidian Energy Price Performance

The company has a market capitalization of $488.44 million, a PE ratio of 1.44 and a beta of 2.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day simple moving average is $6.07 and its 200 day simple moving average is $6.97.

Obsidian Energy Company Profile

(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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