Obsidian Energy (OTCMKTS:OBELF) Trading Down 6.1% – What’s Next?

Obsidian Energy Ltd. (OTCMKTS:OBELF) fell 6.1% on Thursday . The stock traded as low as $8.76 and last traded at $8.89. 890,004 shares were traded during mid-day trading, an increase of 102% from the average session volume of 441,679 shares. The stock had previously closed at $9.47.

Obsidian Energy Trading Up 3.1%

The firm has a market cap of $740.33 million, a PE ratio of 2.20 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 moving average price is $8.07 and its 200 day moving average price is $6.80.

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.