Deltic Energy (LON:DELT) Trading 1.1% Higher – Here’s What Happened

Deltic Energy Plc (LON:DELT)’s share price was up 1.1% on Thursday . The company traded as high as GBX 6 ($0.07) and last traded at GBX 5.31 ($0.07). Approximately 190,221 shares traded hands during trading, an increase of 107% from the average daily 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 lowered their price objective on Deltic Energy from GBX 95 ($1.17) to GBX 85 ($1.05) and set a “speculative buy” rating for the company in a research report on Thursday, September 26th.

Deltic Energy Stock Up 1.1 %

The company has a market cap of £4.94 million, a PE ratio of -23.09 and a beta of 1.63. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70. The firm has a fifty day simple moving average of GBX 5.84 and a 200 day simple moving average of GBX 7.61.

Deltic Energy Company Profile

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.