Spartan Delta (OTCMKTS:DALXF) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Spartan Delta Corp. (OTCMKTS:DALXF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.55 and traded as high as $9.5901. Spartan Delta shares last traded at $9.5901, with a volume of 10,326 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DALXF. BMO Capital Markets reissued an “outperform” rating on shares of Spartan Delta in a research report on Wednesday, May 6th. TD Securities reiterated a “buy” rating on shares of Spartan Delta in a report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Spartan Delta in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Spartan Delta Trading Down 1.1%

The company has a fifty day moving average of $8.59 and a 200-day moving average of $8.63.

About Spartan Delta

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.