Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report)’s share price fell 1% during trading on Wednesday . The stock traded as low as $7.68 and last traded at $7.75. 320,156 shares were traded during trading, a decline of 28% from the average session volume of 441,679 shares. The stock had previously closed at $7.83.
Obsidian Energy Price Performance
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 stock has a fifty day simple moving average of $6.40 and a 200-day simple moving average of $6.18. The company has a market capitalization of $625.69 million, a price-to-earnings ratio of 1.86 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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