The stock of Spartan Energy Corp (TSE:SPE) is a huge mover today! About 1.24M shares traded hands. Spartan Energy Corp (TSE:SPE) has risen 34.65% since February 5, 2016 and is uptrending. It has outperformed by 18.16% the S&P500.
The move comes after 9 months negative chart setup for the $1.11 billion company. It was reported on Sep, 13 by Barchart.com. We have $3.07 PT which if reached, will make TSE:SPE worth $55.50M less.
Out of 4 analysts covering Spartan Energy Corp (TSE:SPE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Spartan Energy Corp has been the topic of 8 analyst reports since December 3, 2015 according to StockzIntelligence Inc.
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada oil and natural gas exploration and production firm with producing properties focused in Saskatchewan. The company has a market cap of $1.11 billion. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. It currently has negative earnings. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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