Deltic Energy (LON:DELT) Shares Down 20.9% – Here’s Why

Shares of Deltic Energy Plc (LON:DELT) traded down 20.9% during trading on Thursday . The company traded as low as GBX 6.05 ($0.08) and last traded at GBX 6.13 ($0.08). 2,067,031 shares were traded during mid-day trading, an increase of 308% from the average session volume of 507,010 shares. The stock had previously closed at GBX 7.75 ($0.10).

Analyst Upgrades and Downgrades

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

Deltic Energy Trading Down 14.8 %

The company has a quick ratio of 30.42, a current ratio of 1.70 and a debt-to-equity ratio of 3.02. The stock’s 50 day moving average price is GBX 7.46 and its 200-day moving average price is GBX 12.56. The stock has a market capitalization of £6.14 million, a P/E ratio of -33.70 and a beta of 1.63.

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.