Kelt Exploration (TSE:KEL) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.50 and traded as low as C$5.46. Kelt Exploration shares last traded at C$5.47, with a volume of 203,007 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEL. CIBC decreased their price target on shares of Kelt Exploration from C$11.50 to C$10.75 in a research report on Thursday, April 10th. Raymond James set a C$9.50 price objective on shares of Kelt Exploration and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. Scotiabank increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Finally, National Bankshares increased their price objective on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th.

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 has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 21.20 and a beta of 1.93. The business's fifty day simple moving average is C$6.02 and its 200 day simple moving average is C$6.49.

Insiders Place Their Bets

In other Kelt Exploration news, Senior Officer Douglas Jeffery Errico acquired 5,500 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of C$6.78 per share, with a total value of C$37,290.00. Also, Senior Officer Patrick William George Miles sold 25,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$6.68, for a total transaction of C$167,000.00. Over the last ninety days, insiders sold 120,856 shares of company stock worth $801,568. 15.87% of the stock is currently owned by company insiders.

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.