Spartan Delta (TSE:SDE) Trading Up 2.3% - Should You Buy?

Spartan Delta Corp. (TSE:SDE - Get Free Report) shot up 2.3% on Monday . The stock traded as high as C$3.20 and last traded at C$3.15. 154,782 shares were traded during mid-day trading, a decline of 59% from the average session volume of 373,233 shares. The stock had previously closed at C$3.08.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SDE. CIBC dropped their price target on shares of Spartan Delta from C$7.00 to C$5.00 in a research report on Thursday, April 10th. Ventum Cap Mkts raised shares of Spartan Delta to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Ventum Financial set a C$5.25 price target on shares of Spartan Delta and gave the company a "buy" rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus price target of C$5.63.

Spartan Delta Price Performance

The company has a market cap of C$670.93 million, a P/E ratio of 4.18 and a beta of 1.49. 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 business's fifty day moving average is C$2.89 and its 200 day moving average is C$3.27.

Insider Activity at Spartan Delta

In other news, Senior Officer Martin Malek purchased 17,700 shares of Spartan Delta stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of C$2.83 per share, for a total transaction of C$50,091.00. 12.43% of the stock is owned by company insiders.

About Spartan Delta

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.