Ojay Platt Sells 20,333 Shares of Spartan Delta Corp. (TSE:SDE) Stock

Spartan Delta Corp. (TSE:SDE) Senior Officer Ojay Platt sold 20,333 shares of Spartan Delta stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$3.02, for a total transaction of C$61,405.66.

Spartan Delta Trading Up 1.7 %

Shares of Spartan Delta stock opened at C$2.98 on Wednesday. The company has a fifty day simple moving average of C$3.63 and a 200-day simple moving average of C$3.59. Spartan Delta Corp. has a 12-month low of C$2.70 and a 12-month high of C$4.36. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 28.49. The stock has a market cap of C$596.82 million, a price-to-earnings ratio of 3.72 and a beta of 1.49.

Analysts Set New Price Targets

Several research analysts have commented on the stock. National Bankshares boosted their price target on shares of Spartan Delta from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets lowered their price target on shares of Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Scotiabank boosted their price target on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. Desjardins upgraded shares of Spartan Delta to a “moderate buy” rating in a report on Thursday, January 30th. Finally, National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$6.29.

About Spartan Delta

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.