Shares of 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 traded.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on KEL. Raymond James set a C$9.50 target price 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 report on Thursday, April 10th.
Check Out Our Latest Research Report on KEL
Kelt Exploration Stock Up 0.4%
The company has a market capitalization of C$1.41 billion, a PE ratio of 25.31 and a beta of 1.93. The stock's fifty day moving average is C$6.13 and its two-hundred day moving average is C$6.51. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.
Insider Activity
In other Kelt Exploration news, Senior Officer Bruce Douglas Gigg sold 14,630 shares of Kelt Exploration stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total value of C$98,752.50. Also, Senior Officer Douglas Jeffery Errico acquired 5,500 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average price of C$6.78 per share, with a total value of C$37,290.00. Over the last three months, insiders have sold 120,856 shares of company stock valued at $801,568. Company 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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