Spartan Delta (TSE:SDE) Stock Price Up 2.3% – Should You Buy?

Spartan Delta Corp. (TSE:SDE) rose 2.3% on Monday . The company 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.

Analyst Ratings Changes

SDE has been the subject of a number of recent research reports. Ventum Financial set a C$5.25 target price on Spartan Delta and gave the company a “buy” rating in a research note on Monday, March 31st. CIBC lowered their target price on Spartan Delta from C$7.00 to C$5.00 in a research note on Thursday, April 10th. Finally, Ventum Cap Mkts raised Spartan Delta to a “strong-buy” rating in a research note on Monday, March 31st. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$5.63.

Spartan Delta Price Performance

The firm has a market cap of C$630.87 million, a P/E ratio of 3.93 and a beta of 1.49. The business has a 50-day simple moving average of C$2.90 and a 200 day simple moving average of C$3.27. The company has a debt-to-equity ratio of 28.49, a quick ratio of 0.66 and a current ratio of 0.80.

Insider Transactions at Spartan Delta

In other news, Senior Officer Martin Malek bought 17,700 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of C$2.83 per share, with a total value of C$50,091.00. Corporate 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.