Deltic Energy (LON:DELT) Stock Price Down 9.1%

Deltic Energy Plc (LON:DELT) shares were down 9.1% during trading on Thursday . The company traded as low as GBX 7.50 ($0.10) and last traded at GBX 7.50 ($0.10). Approximately 60,000 shares were traded during trading, a decline of 82% from the average daily volume of 330,581 shares. The stock had previously closed at GBX 8.25 ($0.11).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on shares of Deltic Energy from GBX 100 ($1.32) to GBX 95 ($1.25) and set a “speculative buy” rating for the company in a research note on Wednesday, July 10th.

Deltic Energy Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 30.42 and a current ratio of 3.52. The company has a market cap of £7.35 million, a PE ratio of -275.00 and a beta of 1.63. The company’s 50 day moving average price is GBX 10.31 and its 200-day moving average price is GBX 18.11.

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.