Spartan Delta Corp. (OTCMKTS:DALXF) Given Average Rating of “Moderate Buy” by Analysts

Spartan Delta Corp. (OTCMKTS:DALXF) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several analysts recently weighed in on DALXF shares. Scotiabank reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Thursday, October 9th. Desjardins lowered Spartan Delta from a “buy” rating to a “hold” rating in a research note on Tuesday, August 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Friday, August 8th. TD Securities reissued a “buy” rating on shares of Spartan Delta in a research note on Tuesday, September 30th. Finally, CIBC reissued an “outperform” rating on shares of Spartan Delta in a research note on Friday, July 11th.

Spartan Delta Stock Up 0.7%

OTCMKTS:DALXF opened at $4.29 on Friday. The stock’s 50-day simple moving average is $3.77 and its 200 day simple moving average is $3.05. Spartan Delta has a twelve month low of $1.70 and a twelve month high of $4.29.

Spartan Delta Company Profile

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.