Spartan Delta Corp. (TSE:SDE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$2.58 and last traded at C$2.63, with a volume of 85602 shares changing hands. The stock had previously closed at C$2.75.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Scotiabank boosted their price objective on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Ventum Financial set a C$5.25 price objective on Spartan Delta and gave the stock a "buy" rating in a research report on Monday, March 31st. BMO Capital Markets dropped their price objective on shares of Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. National Bank Financial raised shares of Spartan Delta to a "strong-buy" rating in a report on Thursday, January 30th. Finally, National Bankshares boosted their price objective on Spartan Delta from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Strong Buy" and an average target price of C$5.91.
Check Out Our Latest Analysis on SDE
Spartan Delta Price Performance
The business's 50-day moving average price is C$3.24 and its 200 day moving average price is C$3.45. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. The company has a market capitalization of C$546.75 million, a P/E ratio of 3.41 and a beta of 1.49.
Insider Activity
In other news, Senior Officer Ojay Platt sold 20,333 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total value of C$61,405.66. Also, Senior Officer Martin Malek purchased 17,700 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of C$2.83 per share, for a total transaction of C$50,091.00. Company insiders own 12.43% of the company's stock.
About Spartan Delta
(
Get Free Report)
Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.
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