Spartan Delta (TSE:SDE) Hits New 52-Week High - Here's Why

Key Points

• Spartan Delta Corp. reached a new 52-week high of C$5.32 during trading, closing at C$5.30 with a volume of 167,397 shares.
• Desjardins changed its rating for Spartan Delta from "buy" to "hold," setting a target price of C$5.75, while the consensus rating remains a "Buy" from investment analysts.
• The company has significant financial metrics, including a market capitalization of C$1.05 billion and a high debt-to-equity ratio of 28.49.

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.32 and last traded at C$5.30, with a volume of 167397 shares traded. The stock had previously closed at C$5.12.

Wall Street Analysts Forecast Growth

Separately, Desjardins lowered Spartan Delta from a "buy" rating to a "hold" rating and set a C$5.75 target price for the company. in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$5.75.

Spartan Delta Price Performance

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 stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 27.74 and a beta of 0.68. The stock has a 50-day moving average price of C$4.84 and a 200 day moving average price of C$3.79.

Spartan Delta Company Profile

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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