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Spartan Delta (TSE:SDE) Trading Up 2.3% - Here's What Happened

Spartan Delta logo with Energy background

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

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Spartan Delta

Spartan Delta Trading Up 2.1%

The company has a market cap of C$694.96 million, a PE ratio of 4.33 and a beta of 1.49. The stock's 50 day moving average is C$2.90 and its 200-day moving average is C$3.27. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

Insider Activity

In other news, Senior Officer Martin Malek bought 17,700 shares of Spartan Delta stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of C$2.83 per share, with a total value of C$50,091.00. Insiders own 12.43% of the company's stock.

Spartan Delta Company Profile

(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.

Further Reading

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