Kelt Exploration Ltd. (TSE:KEL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.66 and traded as high as C$6.83. Kelt Exploration shares last traded at C$6.72, with a volume of 304,915 shares traded.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada upped their price objective on Kelt Exploration from C$8.00 to C$8.50 and gave the company an "outperform" rating in a research note on Monday, June 30th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$9.88.
Check Out Our Latest Research Report on Kelt Exploration
Kelt Exploration Stock Performance
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 has a 50 day simple moving average of C$7.16 and a 200 day simple moving average of C$6.66. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 17.89 and a beta of 0.03.
Insider Transactions at Kelt Exploration
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 stock was sold at an average price of C$7.94, for a total transaction of C$103,220.00. 15.87% of the stock is owned by corporate 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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