Spartan Delta (TSE:SDE) Trading Down 0.4% - Time to Sell?

Shares of Spartan Delta Corp. (TSE:SDE - Get Free Report) fell 0.4% during trading on Wednesday . The stock traded as low as C$2.61 and last traded at C$2.67. 328,848 shares changed hands during trading, a decline of 16% from the average session volume of 391,630 shares. The stock had previously closed at C$2.68.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Ventum Financial set a C$5.25 price target on Spartan Delta and gave the stock a "buy" rating in a research note on Monday, March 31st. Scotiabank lifted their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a research note on Thursday, January 30th. National Bank Financial upgraded shares of Spartan Delta to a "strong-buy" rating in a research report on Thursday, January 30th. Desjardins raised Spartan Delta to a "moderate buy" rating in a research note on Thursday, January 30th. Finally, CIBC cut their target price on shares of Spartan Delta from C$7.00 to C$5.00 in a report on Thursday, April 10th. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus price target of C$5.63.

Spartan Delta Stock Performance

The company has a market cap of C$572.79 million, a P/E ratio of 3.57 and a beta of 1.49. The firm has a 50 day moving average of C$2.95 and a 200-day moving average of C$3.32. 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 Ojay Platt sold 20,333 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$61,405.66. Also, Senior Officer Martin Malek bought 17,700 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of C$2.83 per share, for a total transaction of C$50,091.00. Insiders own 12.43% of the company's stock.

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.