Kelt Exploration Ltd. (TSE:KEL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on KEL. Raymond James set a C$9.50 price objective on shares of Kelt Exploration and gave the company an "outperform" rating in a research note on Tuesday, April 8th. CIBC dropped their price objective on shares of Kelt Exploration from C$11.50 to C$10.75 in a research note on Thursday, April 10th.
Check Out Our Latest Research Report on KEL
Kelt Exploration Trading Down 2.3%
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 stock's 50 day moving average price is C$6.10 and its 200-day moving average price is C$6.50. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 23.75 and a beta of 1.93.
Insider Buying and Selling at Kelt Exploration
In other news, Director Michael Shea sold 30,000 shares of Kelt Exploration stock in a transaction on 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 Kelt Exploration stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total transaction of C$292,500.00. Insiders sold a total of 120,856 shares of company stock worth $801,568 over the last three months. Corporate 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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