Deltic Energy (LON:DELT) Trading Down 13.7% – Time to Sell?

Deltic Energy Plc (LON:DELT) shares dropped 13.7% on Monday . The stock traded as low as GBX 6.51 ($0.08) and last traded at GBX 6.51 ($0.08). Approximately 564,415 shares changed hands during trading, a decline of 2% from the average daily volume of 576,315 shares. The stock had previously closed at GBX 7.54 ($0.10).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Deltic Energy from GBX 95 ($1.20) to GBX 85 ($1.08) and set a “speculative buy” rating on the stock in a report on Thursday, September 26th.

Deltic Energy Price Performance

The company has a quick ratio of 30.42, a current ratio of 1.70 and a debt-to-equity ratio of 3.02. The stock has a market cap of £5.54 million, a P/E ratio of -26.09 and a beta of 1.63. The business’s 50-day simple moving average is GBX 6.01 and its two-hundred day simple moving average is GBX 9.10.

About Deltic Energy

Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020.