Deltic Energy (LON:DELT) Trading Up 9.9% – What’s Next?

Deltic Energy Plc (LON:DELT) shares rose 9.9% on Monday . The stock traded as high as GBX 6 ($0.08) and last traded at GBX 6 ($0.08). Approximately 100,911 shares changed hands during trading, a decline of 73% from the average daily volume of 372,789 shares. The stock had previously closed at GBX 5.46 ($0.07).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on Deltic Energy from GBX 25 ($0.34) to GBX 34 ($0.46) and gave the company a “speculative buy” rating in a report on Thursday, April 17th.

Deltic Energy Stock Up 9.9%

The company has a quick ratio of 30.42, a current ratio of 1.70 and a debt-to-equity ratio of 3.02. The company’s 50 day moving average is GBX 5.51 and its two-hundred day moving average is GBX 5.12. The company has a market capitalization of £5.17 million, a PE ratio of -2.93 and a beta of 1.63.

Deltic Energy Company Profile

An emerging UK focused E&P company