Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report)’s stock price traded down 1.1% on Thursday . The stock traded as low as $12.8201 and last traded at $13.01. 380,716 shares were traded during trading, a decline of 14% from the average session volume of 441,679 shares. The stock had previously closed at $13.16.
Obsidian Energy Stock Up 2.4%
The firm has a market cap of $1.09 billion, a PE ratio of 3.23 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. The firm’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $7.83.
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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