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

Spartan Delta Corp. (OTCMKTS:DALXF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.76 and traded as high as $7.14. Spartan Delta shares last traded at $7.07, with a volume of 40,363 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on DALXF. TD Securities reaffirmed a “buy” rating on shares of Spartan Delta in a research report on Tuesday, January 6th. National Bankshares reissued an “outperform” rating on shares of Spartan Delta in a research note on Wednesday, November 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Tuesday, January 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of Spartan Delta in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Spartan Delta Trading Up 0.8%

The firm has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $4.65.

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.