Deltic Energy (LON:DELT) Stock Price Down 2.3% – Should You Sell?

Shares of Deltic Energy Plc (LON:DELT) were down 2.3% during trading on Wednesday . The stock traded as low as GBX 5.62 ($0.07) and last traded at GBX 5.62 ($0.07). Approximately 18,675 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 555,905 shares. The stock had previously closed at GBX 5.75 ($0.07).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on Deltic Energy from GBX 95 ($1.19) to GBX 85 ($1.07) and set a “speculative buy” rating on the stock in a research report on Thursday, September 26th.

Deltic Energy Price Performance

The company’s 50-day simple moving average is GBX 5.84 and its 200 day simple moving average is GBX 8.15. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70. The company has a market cap of £5.23 million, a PE ratio of -24.43 and a beta of 1.63.

About Deltic Energy

Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of 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.