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

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

A number of equities research analysts have recently issued reports on DALXF shares. CIBC restated an “outperform” rating on shares of Spartan Delta in a report on Friday, July 11th. Desjardins lowered shares of Spartan Delta from a “buy” rating to a “hold” rating in a report on Tuesday, August 26th. BMO Capital Markets restated an “outperform” rating on shares of Spartan Delta in a report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Spartan Delta in a report on Thursday, October 9th. Finally, TD Securities restated a “buy” rating on shares of Spartan Delta in a report on Tuesday, September 30th.

Spartan Delta Stock Performance

DALXF stock opened at $4.34 on Friday. Spartan Delta has a 52-week low of $1.70 and a 52-week high of $4.36. The company’s 50 day simple moving average is $3.80 and its 200-day simple moving average is $3.09.

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.