Spartan Delta (TSE:SDE) Shares Up 0.3%

Spartan Delta Corp. (TSE:SDEGet Free Report)’s share price traded up 0.3% on Monday . The company traded as high as C$3.02 and last traded at C$2.98. 120,625 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 288,181 shares. The stock had previously closed at C$2.97.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James decreased their target price on shares of Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. ATB Capital decreased their target price on shares of Spartan Delta from C$5.00 to C$4.50 in a report on Tuesday, January 2nd. TD Securities decreased their target price on shares of Spartan Delta from C$5.50 to C$5.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. National Bankshares decreased their target price on shares of Spartan Delta from C$6.50 to C$4.50 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Finally, BMO Capital Markets decreased their target price on shares of Spartan Delta from C$5.00 to C$4.50 in a report on Monday, October 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$7.65.

View Our Latest Stock Analysis on Spartan Delta

Spartan Delta Trading Up 0.3 %

The firm’s 50-day moving average is C$3.01 and its 200 day moving average is C$3.66. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 58.67. The firm has a market capitalization of C$516.14 million, a price-to-earnings ratio of 0.74 and a beta of 1.70.

Insider Buying and Selling

In other Spartan Delta news, Director Kevin Overstrom bought 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of C$2.86 per share, for a total transaction of C$571,960.00. In other news, Director Fotis Kalantzis purchased 140,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of C$3.03 per share, for a total transaction of C$424,200.00. Also, Director Kevin Overstrom purchased 200,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of C$2.86 per share, for a total transaction of C$571,960.00. 13.33% of the stock is owned by corporate insiders.

Spartan Delta Company Profile

(Get Free Report)

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp.

Further Reading

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