Spartan Delta (OTCMKTS:DALXF) Shares Pass Below 200-Day Moving Average of $7.58

Spartan Delta Corp. (OTCMKTS:DALXF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.58 and traded as low as $3.11. Spartan Delta shares last traded at $3.11, with a volume of 4,184 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DALXF shares. Stifel Nicolaus decreased their target price on shares of Spartan Delta from C$6.25 to C$6.00 in a research note on Friday, July 14th. Desjardins decreased their target price on shares of Spartan Delta from C$18.00 to C$7.50 in a research note on Thursday, June 22nd. BMO Capital Markets decreased their target price on shares of Spartan Delta from C$5.50 to C$5.00 in a research note on Thursday, August 3rd. Raymond James decreased their target price on shares of Spartan Delta from C$19.00 to C$6.50 in a research note on Thursday, June 22nd. Finally, TD Securities upgraded shares of Spartan Delta from a “hold” rating to a “buy” rating in a report on Friday, August 4th.

Spartan Delta Price Performance

The company’s fifty day moving average is $3.21 and its two-hundred day moving average is $7.54.

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. Spartan Delta Corp.