Insider Selling: Spartan Delta Corp. (TSE:SDE) Senior Officer Sells C$65,332.00 in Stock

Spartan Delta Corp. (TSE:SDE) Senior Officer Ojay Platt sold 16,333 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$4.00, for a total transaction of C$65,332.00.

Spartan Delta Stock Down 0.2 %

SDE opened at C$4.11 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 30.43. The stock has a market cap of C$711.85 million, a price-to-earnings ratio of 4.95 and a beta of 1.74. Spartan Delta Corp. has a twelve month low of C$2.63 and a twelve month high of C$4.52. The company’s 50-day moving average price is C$4.02 and its two-hundred day moving average price is C$3.80.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SDE shares. CIBC boosted their price target on shares of Spartan Delta from C$6.00 to C$7.00 in a report on Monday, July 15th. BMO Capital Markets boosted their price target on shares of Spartan Delta from C$5.50 to C$6.00 in a report on Thursday, May 9th. Stifel Nicolaus boosted their price target on shares of Spartan Delta from C$5.75 to C$6.00 in a report on Thursday, May 9th. Cibc World Mkts upgraded shares of Spartan Delta from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. Finally, Desjardins upgraded shares of Spartan Delta from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$4.75 to C$5.00 in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.67.

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. The company was incorporated in 2006 and is headquartered in Calgary, Canada.