Deltic Energy (LON:DELT) Trading Up 11.4% – What’s Next?

Deltic Energy Plc (LON:DELT)’s stock price shot up 11.4% during trading on Wednesday . The company traded as high as GBX 4.74 ($0.06) and last traded at GBX 4.74 ($0.06). 2,452,712 shares changed hands during trading, an increase of 409% from the average session volume of 481,899 shares. The stock had previously closed at GBX 4.25 ($0.06).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their target price on shares of Deltic Energy from GBX 95 ($1.24) to GBX 85 ($1.11) and set a “speculative buy” rating on the stock in a research report on Thursday, September 26th.

Deltic Energy Trading Up 11.3 %

The company has a 50 day moving average of GBX 8.50 and a 200 day moving average of GBX 14.84. The firm has a market cap of £4.40 million, a price-to-earnings ratio of -18.48 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02.

Deltic Energy Company Profile

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.