Spartan Delta (TSE:SDE) Trading Down 0.6% – Here’s What Happened

by · The Markets Daily

Spartan Delta Corp. (TSE:SDE – Get Free Report) shares fell 0.6% during trading on Monday . The stock traded as low as C$3.20 and last traded at C$3.20. 235,273 shares were traded during trading, a decline of 19% from the average session volume of 289,733 shares. The stock had previously closed at C$3.22.

Analyst Ratings Changes

Several brokerages have commented on SDE. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Monday, September 23rd. National Bankshares lowered their price objective on shares of Spartan Delta from C$6.00 to C$5.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$5.61.

View Our Latest Report on SDE

Spartan Delta Stock Up 3.9 %

The company has a debt-to-equity ratio of 30.43, a quick ratio of 0.66 and a current ratio of 0.93. The company has a market cap of C$559.44 million, a price-to-earnings ratio of 3.82 and a beta of 1.49. The stock’s fifty day moving average is C$3.50 and its two-hundred day moving average is C$3.82.

Spartan Delta (TSE:SDE – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Spartan Delta had a net margin of 50.10% and a return on equity of 37.82%. The business had revenue of C$60.55 million during the quarter. Sell-side analysts predict that Spartan Delta Corp. will post 0.305004 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Martin Malek bought 12,000 shares of Spartan Delta stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of C$3.80 per share, with a total value of C$45,600.00. 12.43% of the stock is currently owned by insiders.

Spartan Delta Company Profile

(Get Free Report)

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.

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