Spartan Delta Corp. (TSE:SDE) Director Sells C$14,819.14 in Stock

Spartan Delta Corp. (TSE:SDE) Director Donald Archibald sold 4,907 shares of Spartan Delta stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$14,819.14.

Spartan Delta Stock Up 2.7 %

TSE SDE traded up C$0.08 during mid-day trading on Tuesday, hitting C$3.01. The company’s stock had a trading volume of 15,380 shares, compared to its average volume of 441,046. The firm has a market capitalization of C$602.83 million, a price-to-earnings ratio of 3.76 and a beta of 1.49. The company’s 50 day simple moving average is C$3.64 and its 200 day simple moving average is C$3.59. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. Spartan Delta Corp. has a twelve month low of C$2.70 and a twelve month high of C$4.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BMO Capital Markets decreased their target price on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th. Scotiabank raised their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Finally, National Bankshares lifted their price target on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$6.29.

About Spartan Delta

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.