Deltic Energy (LON:DELT) Shares Down 13.7% – Time to Sell?

Deltic Energy Plc (LON:DELT) traded down 13.7% during mid-day 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 ($0.09).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on Deltic Energy from GBX 95 ($1.20) to GBX 85 ($1.07) and set a “speculative buy” rating on the stock in a research note on Thursday, September 26th.

Deltic Energy Stock Performance

The firm has a market capitalization of £5.54 million, a price-to-earnings ratio of -29.75 and a beta of 1.63. The firm has a 50 day moving average price of GBX 6.11 and a 200-day moving average price of GBX 9.26. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.70 and a quick ratio of 30.42.

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.