Deltic Energy (LON:DELT) Trading Down 6.3% – Time to Sell?

Shares of Deltic Energy Plc (LON:DELT) fell 6.3% during mid-day trading on Thursday . The stock traded as low as GBX 4.11 ($0.05) and last traded at GBX 4.45 ($0.05). 319,888 shares were traded during mid-day trading, an increase of 166% from the average session volume of 120,224 shares. The stock had previously closed at GBX 4.75 ($0.06).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price target on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.04) and set a “speculative buy” rating for the company in a research note on Thursday, September 26th.

Deltic Energy Stock Down 6.3 %

The business has a 50-day moving average price of GBX 5.77 and a 200 day moving average price of GBX 7.55. The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of £4.14 million, a P/E ratio of -19.35 and a beta of 1.63.

Deltic Energy Company Profile

An emerging UK focused E&P company