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

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.51 and traded as high as C$6.98. Kelt Exploration shares last traded at C$6.96, with a volume of 472,656 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports 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 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.

Kelt Exploration Price Performance

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 firm's 50 day moving average is C$6.11 and its 200 day moving average is C$6.51. The firm has a market cap of C$1.38 billion, a P/E ratio of 24.67 and a beta of 1.93.

Insider Transactions at Kelt Exploration

In related news, Senior Officer Douglas Owen Macarthur sold 45,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$6.50, for a total transaction of C$292,500.00. Also, Senior Officer Bruce Douglas Gigg sold 14,630 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total transaction of C$98,752.50. Over the last 90 days, insiders have sold 120,856 shares of company stock worth $801,568. Corporate insiders own 15.87% of the company's stock.

About Kelt Exploration

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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