Spartan Delta (OTCMKTS:DALXF) Stock Passes Above 50 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Spartan Delta Corp. (OTCMKTS:DALXF – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.46 and traded as high as $3.74. Spartan Delta shares last traded at $3.72, with a volume of 18,429 shares changing hands.

Wall Street Analysts Forecast Growth

DALXF has been the topic of several recent research reports. CIBC restated an “outperform” rating on shares of Spartan Delta in a report on Friday, July 11th. Scotiabank restated an “outperform” rating on shares of Spartan Delta in a report on Friday, July 11th. Desjardins downgraded shares of Spartan Delta from a “buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Spartan Delta presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on DALXF

Spartan Delta Stock Performance

The firm has a 50 day moving average price of $3.46 and a 200 day moving average price of $2.69.

About Spartan Delta

(Get Free Report)

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.

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