Donald Archibald Sells 4,907 Shares of Spartan Delta Corp. (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) Director Donald Archibald sold 4,907 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$3.02, for a total value of C$14,819.14.

Spartan Delta Trading Up 5.0 %

TSE SDE opened at C$3.13 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49. Spartan Delta Corp. has a twelve month low of C$2.70 and a twelve month high of C$4.36. The firm has a market capitalization of C$626.87 million, a PE ratio of 3.91 and a beta of 1.49. The stock’s 50 day moving average is C$3.63 and its 200 day moving average is C$3.58.

Analyst Ratings Changes

A number of analysts have recently issued reports on SDE shares. BMO Capital Markets dropped their price target on Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bankshares raised their price objective on Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Scotiabank raised their price objective on Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. National Bank Financial raised Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Desjardins raised Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$6.29.

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.