Spartan Delta Corp. (TSE:SDE - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$4.24 and last traded at C$4.19, with a volume of 2381553 shares. The stock had previously closed at C$3.98.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. CIBC reduced their target price on Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Finally, Ventum Financial set a C$5.25 price target on Spartan Delta and gave the company a "buy" rating in a report on Monday, March 31st. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Strong Buy" and an average price target of C$5.63.
Check Out Our Latest Stock Analysis on Spartan Delta
Spartan Delta Stock Up 2.6%
The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The company has a 50-day simple moving average of C$3.39 and a 200 day simple moving average of C$3.36. The company has a market cap of C$877.21 million, a P/E ratio of 5.47 and a beta of 1.49.
About Spartan Delta
(
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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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