Deltic Energy (LON:DELT) Stock Price Down 6.3% – Here’s What Happened

Shares of Deltic Energy Plc (LON:DELT) dropped 6.3% during mid-day trading on Thursday . The company traded as low as GBX 4.11 ($0.05) and last traded at GBX 4.45 ($0.05). Approximately 319,888 shares traded hands during trading, an increase of 166% from the average daily volume of 120,224 shares. The stock had previously closed at GBX 4.75 ($0.06).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price target on Deltic Energy from GBX 95 ($1.16) to GBX 85 ($1.03) and set a “speculative buy” rating on the stock in a report on Thursday, September 26th.

Deltic Energy Trading Up 5.9 %

The stock has a market cap of £4.19 million, a price-to-earnings ratio of -19.57 and a beta of 1.63. The business has a 50-day simple moving average of GBX 5.76 and a two-hundred day simple moving average of GBX 7.51. The company has a debt-to-equity ratio of 3.02, a quick ratio of 30.42 and a current ratio of 1.70.

About Deltic Energy

An emerging UK focused E&P company