Obsidian Energy (OTCMKTS:OBELF) Stock Price Up 2.2% – Time to Buy?

Obsidian Energy Ltd. (OTCMKTS:OBELF)’s stock price traded up 2.2% during mid-day trading on Monday . The company traded as high as $10.83 and last traded at $10.67. 497,566 shares were traded during mid-day trading, an increase of 13% from the average session volume of 441,679 shares. The stock had previously closed at $10.44.

Obsidian Energy Stock Up 8.4%

The stock’s 50 day moving average is $9.52 and its 200 day moving average is $9.77. 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 company has a market capitalization of $934.09 million, a PE ratio of 2.77 and a beta of 2.47.

Obsidian Energy Company Profile

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.