Kiwetinohk Energy (TSE:KEC) Sets New 1-Year High After Insider Buying Activity

Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as C$23.55 and last traded at C$23.39, with a volume of 14737 shares changing hands. The stock had previously closed at C$22.76.

Specifically, Senior Officer Janet Annesley purchased 2,500 shares of the company's stock in a transaction on Friday, July 4th. The stock was acquired 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 Kiwetinohk Energy stock in a transaction dated Thursday, July 3rd. The stock was bought at an average price of C$21.67 per share, for a total transaction of C$220,983.00.

Wall Street Analyst Weigh In

KEC has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their target price on Kiwetinohk Energy from C$18.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. National Bankshares lifted their price target on Kiwetinohk Energy from C$22.50 to C$24.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th.

Kiwetinohk Energy Trading Up 1.3%

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 business has a fifty day simple moving average of C$18.49 and a 200 day simple moving average of C$16.99. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of 15.57 and a beta of 0.29.

Kiwetinohk Energy Company Profile

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.