Shares of Kelt Exploration Ltd. (TSE:KEL - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.65 and traded as low as C$6.53. Kelt Exploration shares last traded at C$6.74, with a volume of 208,893 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada boosted their price objective on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Monday, June 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$9.88.
Check Out Our Latest Report on Kelt Exploration
Kelt Exploration Stock Down 1.6%
The firm's 50-day moving average is C$7.25 and its 200 day moving average is C$6.65. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 24.03 and a beta of 1.93. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61.
Insider Activity at Kelt Exploration
In related news, Senior Officer Douglas Owen Macarthur sold 13,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of C$7.94, for a total transaction of C$103,220.00. Company insiders own 15.87% of the company's stock.
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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