Kelt Exploration Ltd. (TSE:KEL - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.50 and traded as high as C$6.99. Kelt Exploration shares last traded at C$6.86, with a volume of 250,548 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Raymond James set a C$9.50 price target on shares of Kelt Exploration and gave the company an "outperform" rating in a research report on Tuesday, April 8th. CIBC reduced 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 Report on KEL
Kelt Exploration Stock Down 0.1%
The business's fifty day moving average price is C$6.10 and its 200 day moving average price is C$6.51. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of C$1.36 billion, a PE ratio of 24.35 and a beta of 1.93.
Insiders Place Their Bets
In other Kelt Exploration news, Director Michael Shea sold 30,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$6.75, for a total transaction of C$202,500.00. Also, Senior Officer Douglas Owen Macarthur sold 45,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total transaction of C$292,500.00. Over the last three months, insiders have sold 120,856 shares of company stock worth $801,568. 15.87% of the stock is owned by company insiders.
About Kelt Exploration
(
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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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