Obsidian Energy (OTCMKTS:OBELF) Stock Price Up 3.1% – Here’s Why

Obsidian Energy Ltd. (OTCMKTS:OBELFGet Free Report)’s stock price traded up 3.1% during mid-day trading on Tuesday . The stock traded as high as $6.31 and last traded at $6.27. 271,888 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 441,679 shares. The stock had previously closed at $6.08.

Obsidian Energy Trading Up 3.1%

The company has a market cap of $506.20 million, a price-to-earnings ratio of 1.50 and a beta of 2.47. The business has a fifty day simple moving average of $6.15 and a 200 day simple moving average of $5.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55.

Obsidian Energy Company Profile

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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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