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Obsidian Energy (OTCMKTS:OBELF) Stock Price Up 4.2% - Here's What Happened

Obsidian Energy logo with Oils/Energy background
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Obsidian Energy Ltd. (OTCMKTS:OBELF - Get Free Report)'s stock price was up 4.2% during trading on Wednesday . The stock traded as high as $5.23 and last traded at $5.16. Approximately 481,746 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 441,679 shares. The stock had previously closed at $4.95.

Obsidian Energy Stock Performance

The firm has a market cap of $416.59 million, a price-to-earnings ratio of 1.24 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 50 day moving average is $5.50 and its 200 day moving average is $5.73.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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