Deltic Energy (LON:DELT) Stock Price Down 32.5%

Deltic Energy Plc (LON:DELTGet Free Report)’s stock price dropped 32.5% during mid-day trading on Tuesday . The stock traded as low as GBX 7.13 ($0.09) and last traded at GBX 8.10 ($0.10). Approximately 866,665 shares were traded during trading, an increase of 127% from the average daily volume of 381,461 shares. The stock had previously closed at GBX 12 ($0.15).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 110 ($1.40) target price on shares of Deltic Energy in a research note on Monday, June 3rd.

Read Our Latest Analysis on Deltic Energy

Deltic Energy Stock Performance

The firm’s 50 day simple moving average is GBX 24.49 and its 200-day simple moving average is GBX 26.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 30.42 and a current ratio of 3.52. The company has a market capitalization of £7.87 million, a price-to-earnings ratio of -400.00 and a beta of 1.53.

About Deltic Energy

(Get Free Report)

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.

Further Reading

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