Kiwetinohk Energy (TSE:KEC) Reaches New 1-Year High on Insider Buying Activity

Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report)'s share price reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as C$23.55 and last traded at C$23.39, with a volume of 14737 shares trading hands. The stock had previously closed at C$22.76.

Specifically, Senior Officer Janet Annesley acquired 2,500 shares of the business's stock in a transaction on Friday, July 4th. The shares were purchased at an average price of C$22.45 per share, for a total transaction of C$56,117.50. Also, Director Patrick Beverley Carlson acquired 10,200 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were purchased at an average price of C$21.67 per share, for a total transaction of C$220,983.00.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KEC shares. National Bankshares upped their price target on Kiwetinohk Energy from C$22.50 to C$24.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their price target on shares of Kiwetinohk Energy from C$18.00 to C$21.00 and gave the company an "outperform" rating in a report on Monday, June 30th.

Kiwetinohk Energy Trading Down 3.2%

The firm has a market cap of C$986.32 million, a P/E ratio of 15.05 and a beta of 0.29. The company has a debt-to-equity ratio of 33.50, a quick ratio of 0.48 and a current ratio of 0.82. The firm has a fifty day moving average of C$18.17 and a 200-day moving average of C$16.90.

About Kiwetinohk Energy

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.