Kelt Exploration (TSE:KEL) Sets New 52-Week High - What's Next?

Kelt Exploration Ltd. (TSE:KEL - Get Free Report)'s share price hit 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. The stock had previously closed at C$7.33.

Analyst Ratings Changes

Several research analysts have weighed in on KEL shares. Raymond James Financial set a C$9.50 target price on Kelt Exploration and gave the stock an "outperform" rating in a report on Tuesday, April 8th. CIBC cut their price objective on Kelt Exploration from C$11.50 to C$10.75 in a report on Thursday, April 10th.

Kelt Exploration Price Performance

The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 27.43 and a beta of 1.93. The company has a 50 day simple moving average of C$6.36 and a 200-day simple moving average of C$6.54. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

Insider Transactions at Kelt Exploration

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico acquired 5,500 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of C$6.78 per share, with a total value of C$37,290.00. Also, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$6.75, for a total transaction of C$98,752.50. Insiders have sold a total of 72,630 shares of company stock valued at $488,293 over the last 90 days. 15.87% of the stock is owned by corporate insiders.

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.