Deltic Energy (LON:DELT) Trading 18.1% Higher

Deltic Energy Plc (LON:DELT) rose 18.1% on Wednesday . The stock traded as high as GBX 11.40 ($0.15) and last traded at GBX 11.40 ($0.15). Approximately 528,485 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 405,802 shares. The stock had previously closed at GBX 9.65 ($0.13).

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on Deltic Energy from GBX 100 ($1.30) to GBX 95 ($1.23) and set a “speculative buy” rating for the company in a research note on Wednesday, July 10th.

Deltic Energy Trading Down 0.9 %

The firm has a market capitalization of £10.61 million, a price-to-earnings ratio of -350.00 and a beta of 1.53. The business’s 50-day moving average price is GBX 10.95 and its 200 day moving average price is GBX 23.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.52 and a quick ratio of 30.42.

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.