Spartan Delta Corp. (TSE:SDE) Director Donald Archibald Sells 4,907 Shares

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

Spartan Delta Trading Up 2.7 %

SDE traded up C$0.08 during midday trading on Tuesday, hitting C$3.01. 15,380 shares of the company were exchanged, compared to its average volume of 441,046. The firm’s 50 day moving average price is C$3.64 and its 200-day moving average price is C$3.59. Spartan Delta Corp. has a 1-year low of C$2.70 and a 1-year high of C$4.36. The firm has a market capitalization of C$602.83 million, a P/E ratio of 3.76 and a beta of 1.49. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

Analyst Ratings Changes

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