Deltic Energy (LON:DELT) Shares Up 1.1% – Time to Buy?

Deltic Energy Plc (LON:DELT)’s share price traded up 1.1% during trading on Thursday . The stock traded as high as GBX 6 ($0.07) and last traded at GBX 5.31 ($0.07). 190,221 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 92,041 shares. The stock had previously closed at GBX 5.25 ($0.06).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price objective on Deltic Energy from GBX 95 ($1.17) to GBX 85 ($1.05) and set a “speculative buy” rating for the company in a report on Thursday, September 26th.

Deltic Energy Trading Up 1.1 %

The firm has a fifty day moving average of GBX 5.84 and a two-hundred day moving average of GBX 7.61. The company has a market cap of £4.94 million, a PE ratio of -23.09 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 30.42 and a debt-to-equity ratio of 3.02.

About Deltic Energy

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.