Deltic Energy (LON:DELT) Stock Price Up 18.8%

Deltic Energy Plc (LON:DELT) rose 18.8% on Friday . The company traded as high as GBX 9.50 ($0.13) and last traded at GBX 9.50 ($0.13). Approximately 530,732 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 332,524 shares. The stock had previously closed at GBX 8 ($0.11).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on shares of Deltic Energy from GBX 100 ($1.32) to GBX 95 ($1.25) and set a “speculative buy” rating for the company in a research note on Wednesday, July 10th.

Deltic Energy Trading Up 18.8 %

The company has a 50 day moving average of GBX 10.25 and a 200 day moving average of GBX 17.87. The firm has a market cap of £8.84 million, a price-to-earnings ratio of -316.67 and a beta of 1.63. The company has a current ratio of 3.52, a quick ratio of 30.42 and a debt-to-equity ratio of 0.62.

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.