Deltic Energy (LON:DELT) Hits New 1-Year High at $31.40

Deltic Energy Plc (LON:DELT – Get Rating)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 31.40 ($0.39) and last traded at GBX 31.40 ($0.39), with a volume of 568 shares trading hands. The stock had previously closed at GBX 1.50 ($0.02).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 12 ($0.15) target price on shares of Deltic Energy in a report on Monday, April 17th.

Deltic Energy Trading Up 1,833.3 %

The stock has a market cap of £539.40 million, a PE ratio of -22.25 and a beta of 1.27. The business’s fifty day moving average is GBX 1.73 and its 200 day moving average is GBX 2.39. The company has a quick ratio of 30.42, a current ratio of 3.24 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling

In other Deltic Energy news, insider Sarah McLeod bought 282,581 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was bought at an average price of GBX 2 ($0.02) per share, for a total transaction of £5,651.62 ($7,029.38). 33.38% of the stock is owned by insiders.

About Deltic Energy

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Deltic Energy Plc, a natural resources investing company, focuses on developing oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020. Deltic Energy Plc was incorporated in 2012 and is based in London, the United Kingdom.