Deltic Energy (LON:DELT) Stock Price Down 13.7% – Here’s Why

Deltic Energy Plc (LON:DELT) shares dropped 13.7% during trading on Monday . The company traded as low as GBX 6.51 ($0.08) and last traded at GBX 6.51 ($0.08). 564,415 shares were traded during trading, a decline of 2% from the average session volume of 576,315 shares. The stock had previously closed at GBX 7.54 ($0.10).

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their target price on shares of Deltic Energy from GBX 95 ($1.20) to GBX 85 ($1.08) and set a “speculative buy” rating on the stock in a report on Thursday, September 26th.

Deltic Energy Stock Performance

The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70. The company’s 50 day moving average is GBX 6.01 and its 200 day moving average is GBX 9.10. The firm has a market cap of £5.54 million, a P/E ratio of -26.09 and a beta of 1.63.

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.