Spartan Delta (OTCMKTS:DALXF) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Spartan Delta Corp. (OTCMKTS:DALXF)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.03 and traded as high as $5.39. Spartan Delta shares last traded at $5.39, with a volume of 22,793 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DALXF shares. National Bankshares restated an “outperform” rating on shares of Spartan Delta in a report on Wednesday, November 5th. TD Securities reissued a “buy” rating on shares of Spartan Delta in a research note on Tuesday, September 30th. Finally, Scotiabank restated an “outperform” rating on shares of Spartan Delta in a research report on Thursday, October 9th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Spartan Delta Stock Up 2.5%

The stock’s fifty day simple moving average is $5.03 and its 200-day simple moving average is $4.02.

Spartan Delta Company Profile

Spartan Delta Corp., trading on the OTC Markets under the symbol DALXF, is a Canada-based mineral exploration and development company. The company focuses on the acquisition, exploration and advancement of resource-stage properties targeting battery and critical metals, including nickel, copper, cobalt and gold. Spartan Delta seeks to capitalize on the growing demand for metals that support renewable energy, electric vehicles and advanced technologies.

Spartan Delta’s portfolio comprises early and advanced-stage projects in Canada, with a concentration in Ontario and Quebec.