Spartan Delta Corp. (OTCMKTS:DALXF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

A number of equities analysts have issued reports on DALXF shares. Scotiabank restated an “outperform” rating on shares of Spartan Delta in a research report on Thursday, October 9th. TD Securities reissued a “buy” rating on shares of Spartan Delta in a research note on Tuesday, September 30th. National Bankshares reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, November 5th. Desjardins cut Spartan Delta from a “buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Spartan Delta in a research report on Friday, August 8th.

Spartan Delta Price Performance

Shares of OTCMKTS DALXF opened at $5.32 on Wednesday. The firm’s fifty day moving average is $4.26 and its 200 day moving average is $3.42. Spartan Delta has a 52 week low of $1.70 and a 52 week high of $5.45.

About Spartan Delta

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.