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

Obsidian Energy Ltd. (OTCMKTS:OBELFGet Free Report)’s stock price rose 7.1% on Tuesday . The company traded as high as $6.05 and last traded at $6.00. Approximately 682,129 shares were traded 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 Down 2.7 %

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’s fifty day simple moving average is $6.03 and its 200-day simple moving average is $6.94. The stock has a market cap of $494.09 million, a P/E 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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