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

Spartan Delta Corp. (OTCMKTS:DALXF) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

DALXF has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Spartan Delta in a research report on Friday, July 31st. Finally, TD Securities reiterated a “buy” rating on shares of Spartan Delta in a research note on Wednesday, May 6th.

Spartan Delta Stock Down 5.5%

DALXF opened at $9.24 on Tuesday. Spartan Delta has a 1 year low of $3.35 and a 1 year high of $11.52. The firm’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $8.51.

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.