Shares of Kelt Exploration Ltd. (TSE:KEL - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$7.66 and last traded at C$7.60, with a volume of 391086 shares changing hands. The stock had previously closed at C$7.33.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Raymond James set a C$9.50 target price on shares of Kelt Exploration and gave the company an "outperform" rating in a report on Tuesday, April 8th. CIBC decreased their target price on shares of Kelt Exploration from C$11.50 to C$10.75 in a report on Thursday, April 10th.
View Our Latest Stock Analysis on Kelt Exploration
Kelt Exploration Trading Up 3.4%
The firm's 50-day moving average is C$6.24 and its 200 day moving average is C$6.52. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 26.87 and a beta of 1.93.
Insider Buying and Selling
In related news, Senior Officer Douglas Owen Macarthur sold 45,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$6.50, for a total value of C$292,500.00. Also, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$6.75, for a total transaction of C$98,752.50. Insiders have sold a total of 117,630 shares of company stock worth $780,793 in the last ninety days. Company insiders own 15.87% of the company's stock.
About Kelt Exploration
(
Get Free Report)
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.
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