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Obsidian Energy (OTCMKTS:OBELF) Trading 7.1% Higher - Here's What Happened

Obsidian Energy logo with Oils/Energy background

Obsidian Energy Ltd. (OTCMKTS:OBELF - Get Free Report)'s share price traded up 7.1% on Tuesday . The company traded as high as $6.05 and last traded at $6.00. 682,129 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 441,679 shares. The stock had previously closed at $5.60.

Obsidian Energy Stock Up 0.8 %

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's 50-day simple moving average is $6.07 and its 200-day simple moving average is $6.97. The company has a market capitalization of $488.44 million, a price-to-earnings ratio of 1.45 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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