Delphi Energy (TSE:DEE) Sets New 1-Year Low at $0.09

Delphi Energy Corp (TSE:DEE) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 90478 shares changing hands. The stock had previously closed at C$0.08.

DEE has been the topic of several research analyst reports. Cormark raised their price objective on Delphi Energy from C$0.30 to C$0.35 in a report on Friday, August 9th. Royal Bank of Canada dropped their price objective on Delphi Energy from C$0.25 to C$0.20 in a report on Thursday, August 8th. BMO Capital Markets lowered Delphi Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$0.60 to C$0.30 in a report on Wednesday, May 8th. Finally, Raymond James set a C$0.65 price objective on Delphi Energy and gave the company an “outperform” rating in a report on Wednesday, May 15th.

The company has a debt-to-equity ratio of 185.76, a current ratio of 1.36 and a quick ratio of 0.69. The firm has a fifty day simple moving average of C$0.13 and a 200 day simple moving average of C$0.24. The company has a market capitalization of $14.84 million and a price-to-earnings ratio of -0.18.

About Delphi Energy (TSE:DEE)

Delphi Energy Corp., an oil and natural gas company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Western Canada. The company primarily holds interests in the Bigstone Montney property located in the Deep Basin of Northwest Alberta. It distributes natural gas through Alliance pipeline system in Chicago.

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