Deltic Energy (LON:DELT) Shares Down 9.4% – Should You Sell?

Deltic Energy Plc (LON:DELT) shares dropped 9.4% on Friday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.66 ($0.08). Approximately 453,550 shares changed hands during trading, an increase of 20% from the average daily volume of 377,096 shares. The stock had previously closed at GBX 6.25 ($0.08).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on shares of Deltic Energy from GBX 25 ($0.34) to GBX 34 ($0.46) and gave the stock a “speculative buy” rating in a research report on Thursday, April 17th.

Deltic Energy Trading Down 13.8%

The firm has a 50 day moving average of GBX 5.29 and a 200 day moving average of GBX 5.14. The firm has a market cap of £4.64 million, a PE ratio of -2.64 and a beta of 1.63. The company has a quick ratio of 30.42, a current ratio of 1.70 and a debt-to-equity ratio of 3.02.

About Deltic Energy

An emerging UK focused E&P company