Spartan Delta (OTCMKTS:DALXF) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Spartan Delta Corp. (OTCMKTS:DALXF) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.17 and traded as high as $5.51. Spartan Delta shares last traded at $5.2250, with a volume of 38,354 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank restated an “outperform” rating on shares of Spartan Delta in a research report on Thursday, October 9th. TD Securities restated a “buy” rating on shares of Spartan Delta in a report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Tuesday. Finally, National Bankshares reiterated an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Spartan Delta presently has an average rating of “Moderate Buy”.

Spartan Delta Stock Performance

The business has a 50-day moving average price of $5.17 and a 200 day moving average price of $4.11.

About Spartan Delta

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.