Obsidian Energy (OTCMKTS:OBELF) Trading 7.1% Higher – Here’s What Happened

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

Obsidian Energy Stock Performance

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 company has a 50 day moving average price of $6.03 and a 200 day moving average price of $6.94. The company has a market capitalization of $494.09 million, a PE ratio of 1.51 and a beta of 2.47.

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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