Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) shares dropped 1.4% during trading on Thursday . The stock traded as low as $5.7601 and last traded at $5.84. Approximately 441,615 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 441,679 shares. The stock had previously closed at $5.92.
Obsidian Energy Trading Down 1.4%
The business has a 50 day moving average of $5.99 and a two-hundred day moving average of $5.97. 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 has a market capitalization of $471.49 million, a price-to-earnings ratio of 1.40 and a beta of 2.47.
About Obsidian Energy
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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