Kelt Exploration (TSE:KEL) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Kelt Exploration Ltd.'s stock price recently surpassed its 200-day moving average of C$6.69, indicating potential upward momentum as it traded as high as C$7.18.
• Wall Street analysts have mixed outlooks on Kelt Exploration, with price targets ranging from C$8.50 to C$11.50, reflecting varying levels of confidence in the company's performance.
• Insider sales were noted, with Senior Officer Douglas Owen Macarthur selling 13,000 shares for a total of C$103,220, suggesting a potential shift in insider sentiment.

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.69 and traded as high as C$7.18. Kelt Exploration shares last traded at C$6.98, with a volume of 473,421 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KEL. Royal Bank Of Canada lifted their price objective on Kelt Exploration from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research report on Monday, June 30th. CIBC cut their price target on shares of Kelt Exploration from C$11.50 to C$10.75 in a report on Thursday, April 10th.

Kelt Exploration Stock Down 1.6%

The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The company has a 50-day moving average of C$7.33 and a two-hundred day moving average of C$6.69. The company has a market capitalization of C$1.33 billion, a PE ratio of 23.89 and a beta of 1.93.

Insider Buying and Selling

In related news, Senior Officer Douglas Owen Macarthur sold 13,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of C$7.94, for a total value of C$103,220.00. Insiders own 15.87% of the company's stock.

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.