Deltic Energy (LON:DELT) Stock Price Up 17% – Here’s What Happened

Deltic Energy Plc (LON:DELT) shares shot up 17% on Wednesday . The stock traded as high as GBX 8 ($0.10) and last traded at GBX 7.90 ($0.10). 431,103 shares changed hands during trading, a decline of 14% from the average session volume of 502,254 shares. The stock had previously closed at GBX 6.75 ($0.09).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on Deltic Energy from GBX 95 ($1.23) to GBX 85 ($1.10) and set a “speculative buy” rating for the company in a research report on Thursday, September 26th.

Deltic Energy Stock Down 7.5 %

The business’s fifty day simple moving average is GBX 7.38 and its two-hundred day simple moving average is GBX 12.31. The company has a market cap of £5.77 million, a PE ratio of -27.09 and a beta of 1.63. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.70 and a quick ratio of 30.42.

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.