Deltic Energy (LON:DELT) Shares Down 47%

Deltic Energy Plc (LON:DELT)’s stock price dropped 47% during trading on Tuesday . The company traded as low as GBX 20 ($0.25) and last traded at GBX 20.40 ($0.26). Approximately 4,108,751 shares traded hands during mid-day trading, an increase of 1,196% from the average daily volume of 316,961 shares. The stock had previously closed at GBX 38.50 ($0.48).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 160 ($2.01) target price on shares of Deltic Energy in a research report on Wednesday, April 17th.

Deltic Energy Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 30.42. The stock has a 50 day moving average price of GBX 34.83 and a two-hundred day moving average price of GBX 27.98. The firm has a market capitalization of £18.99 million, a price-to-earnings ratio of -510.00 and a beta of 1.48.

Insider Activity

In other news, insider Peter Cowley sold 50,924 shares of Deltic Energy stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of GBX 36 ($0.45), for a total value of £18,332.64 ($23,028.06). Insiders own 32.28% of the company’s stock.

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.