Obsidian Energy (OTCMKTS:OBELF) Trading Down 2.2% - Should You Sell?

Key Points

• Obsidian Energy Ltd. shares fell by 2.2% to $5.83, with trading volume significantly down by 68% compared to its average.
• The company has a market capitalization of $470.68 million and a low price-to-earnings ratio of 1.40, indicating potential undervaluation.
• Obsidian Energy is focused on exploration and production in the Western Canada Sedimentary Basin, holding interests in oil and natural gas properties.

Obsidian Energy Ltd. (OTCMKTS:OBELF - ) dropped 2.2% on Tuesday . The stock traded as low as $5.83 and last traded at $5.83. Approximately 142,266 shares changed hands during trading, a decline of 68% from the average daily volume of 441,679 shares. The stock had previously closed at $5.96.

Obsidian Energy Stock Performance

The company's 50-day simple moving average is $5.46 and its 200-day simple moving average is $5.26. The stock has a market capitalization of $470.68 million, a price-to-earnings ratio of 1.40 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.

About Obsidian Energy

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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