Obsidian Energy (TSE:OBE) Trading 1% Higher - What's Next?

Key Points

• Obsidian Energy's stock rose by 1% during mid-day trading, reaching a high of C$8.46 before closing at C$8.17, despite a 42% decline in trading volume compared to the average.
• The company has a market capitalization of C$548.21 million, with a PE ratio of -2.84 and a debt-to-equity ratio of 20.55.
• Insiders sold a total of 55,594 shares in the last ninety days, with only 1.20% of the stock currently owned by insiders.

Obsidian Energy Ltd. (TSE:OBE - )'s stock price shot up 1% during mid-day trading on Tuesday . The company traded as high as C$8.46 and last traded at C$8.17. 196,270 shares were traded during trading, a decline of 42% from the average session volume of 339,939 shares. The stock had previously closed at C$8.09.

Obsidian Energy Stock Up 1.0%

The company has a market capitalization of C$548.21 million, a PE ratio of -2.84, a price-to-earnings-growth ratio of 0.08 and a beta of 0.28. The company's fifty day moving average is C$8.03 and its 200-day moving average is C$7.44. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.41 and a current ratio of 0.45.

Insiders Place Their Bets

In related news, Director Michael Faust sold 11,658 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of C$8.15, for a total transaction of C$95,030.19. Also, Senior Officer Gareth Robin Sykes sold 5,150 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of C$8.18, for a total transaction of C$42,127.00. In the last ninety days, insiders sold 55,594 shares of company stock worth $449,039. 1.20% of the stock is currently owned by insiders.

About Obsidian Energy

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

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