Deltic Energy (LON:DELT) Stock Price Down 17.6%

Deltic Energy Plc (LON:DELT)’s share price fell 17.6% during mid-day trading on Thursday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7 ($0.09). 382,048 shares changed hands during trading, an increase of 16% from the average session volume of 329,717 shares. The stock had previously closed at GBX 8.50 ($0.11).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on Deltic Energy from GBX 100 ($1.34) to GBX 95 ($1.27) and set a “speculative buy” rating on the stock in a report on Wednesday, July 10th.

Deltic Energy Price Performance

The company has a quick ratio of 30.42, a current ratio of 3.52 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of £6.89 million, a price-to-earnings ratio of -246.67 and a beta of 1.63. The company’s 50-day simple moving average is GBX 10.17 and its 200 day simple moving average is GBX 17.28.

About Deltic Energy

Deltic Energy Plc, a natural resources investing company, engages in the exploration, evaluation, and development of oil and gas licenses. It holds licenses in the Southern and Central North Sea. The company was formerly known as Cluff Natural Resources Plc and changed its name to Deltic Energy Plc in June 2020.