Deltic Energy (LON:DELT) Shares Down 2.3% – Here’s What Happened

Deltic Energy Plc (LON:DELT)’s stock price traded down 2.3% during mid-day trading on Wednesday . The company traded as low as GBX 5.62 ($0.07) and last traded at GBX 5.62 ($0.07). 18,675 shares traded hands during trading, a decline of 97% from the average session volume of 555,905 shares. The stock had previously closed at GBX 5.75 ($0.07).

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on Deltic Energy from GBX 95 ($1.19) to GBX 85 ($1.07) and set a “speculative buy” rating on the stock in a research 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 stock has a market cap of £5.03 million, a PE ratio of -23.48 and a beta of 1.63. The firm’s 50-day moving average is GBX 5.85 and its 200 day moving average is GBX 8.09.

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.