Deltic Energy (LON:DELT) Stock Price Up 1.1% – Here’s Why

Deltic Energy Plc (LON:DELT) shot up 1.1% on Thursday . The company traded as high as GBX 6 ($0.07) and last traded at GBX 5.31 ($0.06). 190,221 shares were traded during mid-day trading, an increase of 107% from the average session volume of 92,041 shares. The stock had previously closed at GBX 5.25 ($0.06).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.04) and set a “speculative buy” rating on the stock in a research report on Thursday, September 26th.

Deltic Energy Stock Performance

The company has a market capitalization of £4.75 million, a price-to-earnings ratio of -22.17 and a beta of 1.63. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.70 and a quick ratio of 30.42. The stock has a 50 day simple moving average of GBX 5.82 and a two-hundred day simple moving average of GBX 7.59.

About Deltic Energy

An emerging UK focused E&P company