Spartan Delta (TSE:SDE) Sets New 52-Week High - Time to Buy?

Spartan Delta Corp. (TSE:SDE - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$4.45 and last traded at C$4.43, with a volume of 52779 shares trading hands. The stock had previously closed at C$4.39.

Analysts Set New Price Targets

Several equities research analysts recently issued reports 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 dropped their price objective on shares of Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Finally, Ventum Financial set a C$5.25 price target on shares of Spartan Delta and gave the stock a "buy" rating in a research note on Monday, March 31st. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Spartan Delta currently has an average rating of "Strong Buy" and an average target price of C$5.63.

Spartan Delta Trading Up 0.5%

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 market capitalization of C$883.22 million, a P/E ratio of 5.50 and a beta of 1.49. The business has a 50 day moving average price of C$3.42 and a 200 day moving average price of C$3.37.

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.