Kelt Exploration (TSE:KEL) Director Raymond Kwan Purchases 56,450 Shares

Key Points

• Raymond Kwan, Director of Kelt Exploration, purchased 56,450 shares at C$6.65 per share, totaling C$375,392.50, increasing his ownership significantly.
• Kelt Exploration's stock price increased by 1.8%, reaching C$6.70, with a market cap of C$1.33 billion and a P/E ratio of 18.11.
• Analysts from the Royal Bank of Canada raised their target price for Kelt shares from C$8.00 to C$8.50, maintaining an "outperform" rating, with a consensus target price of C$9.88.

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) Director Raymond Kwan acquired 56,450 shares of Kelt Exploration stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of C$6.65 per share, with a total value of C$375,392.50. Following the completion of the transaction, the director owned 56,450 shares of the company's stock, valued at approximately C$375,392.50. This trade represents a ∞ increase in their position.

Raymond Kwan also recently made the following trade(s):

• On Monday, August 18th, Raymond Kwan bought 49,305 shares of Kelt Exploration stock. The shares were purchased at an average cost of C$6.65 per share, for a total transaction of C$327,878.25.

Kelt Exploration Price Performance

TSE:KEL traded up C$0.08 during midday trading on Friday, hitting C$6.76. 456,282 shares of the stock were exchanged, compared to its average volume of 391,757. Kelt Exploration Ltd. has a one year low of C$4.90 and a one year high of C$7.97. The company has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 18.27 and a beta of -0.10. The business has a 50-day moving average price of C$7.06 and a two-hundred day moving average price of C$6.66. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their target price on Kelt Exploration from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Monday, June 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kelt Exploration currently has an average rating of "Buy" and an average target price of C$9.88.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.