Short Interest in Spartan Delta Corp. (OTCMKTS:DALXF) Expands By 75.7%

Spartan Delta Corp. (OTCMKTS:DALXF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,888,107 shares, a growth of 75.7% from the June 15th total of 1,074,731 shares. Based on an average daily volume of 109,558 shares, the short-interest ratio is presently 17.2 days.

Spartan Delta Trading Up 30.9%

DALXF stock opened at $10.49 on Friday. Spartan Delta has a 1-year low of $3.23 and a 1-year high of $11.52. The firm has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $8.00.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DALXF shares. TD Securities reissued a “buy” rating on shares of Spartan Delta in a report on Wednesday, May 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Spartan Delta in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spartan Delta has an average rating of “Moderate Buy”.

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.