Shares of Obsidian Energy Ltd. (OTCMKTS:OBELF – Get Free Report) dropped 1.2% during trading on Thursday . The company traded as low as $12.15 and last traded at $12.18. Approximately 490,865 shares were traded during trading, an increase of 11% from the average daily volume of 441,679 shares. The stock had previously closed at $12.33.
Obsidian Energy Trading Down 1.2%
The stock has a market cap of $983.34 million, a P/E ratio of 2.92 and a beta of 2.47. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average price is $11.32 and its 200 day moving average price is $8.46.
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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