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

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

A number of research firms have weighed in on DALXF. TD Securities reaffirmed a “buy” rating on shares of Spartan Delta in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Spartan Delta in a report on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, May 6th.

Spartan Delta Stock Performance

DALXF stock traded up $0.28 during midday trading on Friday, reaching $8.54. 7,743 shares of the company’s stock traded hands, compared to its average volume of 60,868. The firm’s fifty day moving average price is $8.38 and its 200-day moving average price is $8.21. Spartan Delta has a 52 week low of $3.30 and a 52 week high of $11.52.

Spartan Delta Company Profile

Spartan Delta Corp., trading on the OTC Markets under the symbol DALXF, is a Canada-based mineral exploration and development company. The company focuses on the acquisition, exploration and advancement of resource-stage properties targeting battery and critical metals, including nickel, copper, cobalt and gold. Spartan Delta seeks to capitalize on the growing demand for metals that support renewable energy, electric vehicles and advanced technologies.

Spartan Delta’s portfolio comprises early and advanced-stage projects in Canada, with a concentration in Ontario and Quebec.