Spartan Delta Corp. (TSE:SDE) Senior Officer Martin Malek Buys 17,700 Shares

Spartan Delta Corp. (TSE:SDE) Senior Officer Martin Malek purchased 17,700 shares of the company’s stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of C$2.83 per share, for a total transaction of C$50,091.00.

Spartan Delta Stock Performance

SDE traded down C$0.04 on Tuesday, hitting C$2.73. 119,525 shares of the stock traded hands, compared to its average volume of 409,199. The business has a fifty day moving average price of C$3.38 and a two-hundred day moving average price of C$3.50. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. Spartan Delta Corp. has a 52 week low of C$2.58 and a 52 week high of C$4.36. The firm has a market capitalization of C$546.75 million, a PE ratio of 3.41 and a beta of 1.49.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Ventum Financial set a C$5.25 target price on shares of Spartan Delta and gave the company a “buy” rating in a research note on Monday, March 31st. National Bankshares raised their price target on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. National Bank Financial upgraded Spartan Delta to a “strong-buy” rating in a research note on Thursday, January 30th. Ventum Cap Mkts upgraded Spartan Delta to a “strong-buy” rating in a research note on Monday, March 31st. Finally, Scotiabank lifted their price target on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Four analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of C$6.16.

Spartan Delta Company Profile

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. The company operates and focuses its activities on Peace River Arch and Central Alberta.