Spartan Delta Corp. (OTCMKTS:DALXF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.

Several equities analysts have recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Thursday, October 9th. Desjardins cut shares of Spartan Delta from a “buy” rating to a “hold” rating in a report on Tuesday, August 26th. TD Securities reiterated a “buy” rating on shares of Spartan Delta in a research note on Tuesday, September 30th. BMO Capital Markets reissued an “outperform” rating on shares of Spartan Delta in a research report on Friday, August 8th. Finally, National Bankshares restated an “outperform” rating on shares of Spartan Delta in a report on Wednesday, November 5th.

Spartan Delta Price Performance

Spartan Delta stock opened at $5.17 on Wednesday. The business’s fifty day simple moving average is $4.16 and its two-hundred day simple moving average is $3.37. Spartan Delta has a 12 month low of $1.70 and a 12 month high of $5.26.

Spartan Delta Company Profile

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. The company was incorporated in 2006 and is headquartered in Calgary, Canada.