Spartan Delta Corp. (OTCMKTS:DALXF) Receives Average Rating of “Moderate Buy” from Brokerages

Spartan Delta Corp. (OTCMKTS:DALXF) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several brokerages have weighed in on DALXF. BMO Capital Markets reissued an “outperform” rating on shares of Spartan Delta in a report on Wednesday, May 6th. TD Securities reaffirmed a “buy” rating on shares of Spartan Delta in a research note on Wednesday, May 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, January 21st.

Spartan Delta Stock Up 4.4%

Shares of DALXF opened at $9.65 on Wednesday. Spartan Delta has a 12-month low of $2.00 and a 12-month high of $10.49. The stock’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $6.82.

Spartan Delta Company Profile

Spartan Delta Corp., trading on the OTC Markets under the symbol DALXF, is a Canada-based mineral exploration and development company. The company focuses on the acquisition, exploration and advancement of resource-stage properties targeting battery and critical metals, including nickel, copper, cobalt and gold. Spartan Delta seeks to capitalize on the growing demand for metals that support renewable energy, electric vehicles and advanced technologies.

Spartan Delta’s portfolio comprises early and advanced-stage projects in Canada, with a concentration in Ontario and Quebec.