Spartan Delta (TSE:SDE) Trading Up 0.3%

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

Analyst Ratings Changes

SDE has been the topic of a number of research analyst reports. Desjardins cut their target price on Spartan Delta from C$6.00 to C$5.50 and set a “buy” rating on the stock in a research report on Wednesday, November 29th. Stifel Nicolaus cut their target price on Spartan Delta from C$5.50 to C$5.00 in a research report on Thursday, November 30th. Raymond James cut their target price on Spartan Delta from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. ATB Capital cut their target price on Spartan Delta from C$5.00 to C$4.50 in a research report on Tuesday, January 2nd. Finally, TD Securities dropped their price target on Spartan Delta from C$5.50 to C$5.00 and set a “buy” rating on the stock in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Spartan Delta has an average rating of “Moderate Buy” and a consensus price target of C$7.65.

View Our Latest Stock Report on SDE

Spartan Delta Price Performance

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

Insider Transactions at Spartan Delta

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

About Spartan Delta

(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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