Shares of Kelt Exploration Ltd. (TSE:KEL - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$7.86 and last traded at C$7.78, with a volume of 228930 shares. The stock had previously closed at C$7.67.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. CIBC lowered their price objective on shares of Kelt Exploration from C$11.50 to C$10.75 in a report on Thursday, April 10th. Royal Bank Of Canada lifted their price target on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Finally, Raymond James Financial 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.
Check Out Our Latest Analysis on KEL
Kelt Exploration Trading Down 3.7%
The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The firm has a market cap of C$1.50 billion, a price-to-earnings ratio of 26.80 and a beta of 1.93. The company has a 50 day moving average price of C$7.14 and a 200 day moving average price of C$6.68.
Insider Transactions at Kelt Exploration
In other Kelt Exploration news, Senior Officer Douglas Owen Macarthur sold 13,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$7.94, for a total transaction of C$103,220.00. 15.87% of the stock is owned by corporate insiders.
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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