Spartan Delta (OTCMKTS:DALXF) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.41 and traded as high as $9.70. Spartan Delta shares last traded at $9.6725, with a volume of 62,257 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DALXF shares. Scotiabank reissued an “outperform” rating on shares of Spartan Delta in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Spartan Delta in a report on Wednesday, February 11th. Finally, TD Securities reissued a “buy” rating on shares of Spartan Delta in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Spartan Delta Stock Up 5.0%

The company has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $6.44.

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.