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

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

Spartan Delta Price Performance

Shares of TSE:SDE traded up C$0.05 during trading on Tuesday, reaching C$2.98. 24,358 shares of the company’s stock traded hands, compared to its average volume of 441,103. The firm has a market cap of C$596.82 million, a PE ratio of 3.72 and a beta of 1.49. Spartan Delta Corp. has a fifty-two week low of C$2.70 and a fifty-two week high of C$4.36. The company has a 50-day simple moving average of C$3.64 and a 200-day simple moving average of C$3.59. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SDE. BMO Capital Markets lowered their price target on Spartan Delta from C$6.00 to C$5.00 in a report on Friday, December 13th. Scotiabank lifted their target price on Spartan Delta from C$6.00 to C$7.50 in a research report on Thursday, January 30th. Desjardins raised Spartan Delta to a “moderate buy” rating in a research note on Thursday, January 30th. National Bankshares upped 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 research report on Thursday, December 19th. Finally, National Bank Financial upgraded shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently 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.