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

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities research analysts recently commented on DALXF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Spartan Delta in a research note on Friday. TD Securities reaffirmed a “buy” rating on shares of Spartan Delta in a research report on Wednesday, May 6th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, May 6th.

Spartan Delta Stock Performance

Spartan Delta stock traded up $0.28 during trading hours on Friday, reaching $8.54. 7,743 shares of the company’s stock were exchanged, compared to its average volume of 60,868. The firm’s 50 day simple moving average is $8.38 and its 200 day simple moving average is $8.21. Spartan Delta has a twelve month low of $3.30 and a twelve month high of $11.52.

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.