Deltic Energy (LON:DELT) Stock Price Down 9.1% – Should You Sell?

Deltic Energy Plc (LON:DELT) dropped 9.1% during mid-day trading on Friday . The company traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). Approximately 474,955 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 368,560 shares. The stock had previously closed at GBX 5.50 ($0.07).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of 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 Price Performance

The company has a market capitalization of £5.15 million, a P/E ratio of -2.92 and a beta of 1.63. The firm’s fifty day moving average is GBX 5.83 and its 200 day moving average is GBX 5.06. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70.

About Deltic Energy

An emerging UK focused E&P company