Kiwetinohk Energy (TSE:KEC) Reaches New 1-Year High - Here's Why

Key Points

• Kiwetinohk Energy Corp. (TSE:KEC) reached a new 52-week high of C$24.60 during trading, with a market cap of C$1.08 billion.
• Royal Bank Of Canada increased its price target for the stock from C$18.00 to C$21.00, with a consensus rating of "Buy" and an average target price of C$22.00 from analysts.
• Insider transactions show significant buying, with Director Steven William Sinclair acquiring 20,000 shares at C$20.25 each, totaling C$405,000 in value.

Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$24.60 and last traded at C$24.54, with a volume of 5030 shares. The stock had previously closed at C$24.54.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada boosted their price target on Kiwetinohk Energy from C$18.00 to C$21.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$22.00.

Kiwetinohk Energy Price Performance

The firm has a market capitalization of C$1.08 billion, a PE ratio of 8.40 and a beta of 0.61. The company has a fifty day moving average price of C$23.30 and a 200-day moving average price of C$19.38. The company has a debt-to-equity ratio of 33.50, a quick ratio of 0.48 and a current ratio of 0.82.

Insider Buying and Selling at Kiwetinohk Energy

In other news, Director Steven William Sinclair acquired 20,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were acquired at an average cost of C$20.25 per share, with a total value of C$405,000.00. Also, Senior Officer Lisa Wong acquired 2,000 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were purchased at an average cost of C$20.77 per share, for a total transaction of C$41,545.00. Over the last ninety days, insiders bought 40,542 shares of company stock worth $847,773. Company insiders own 14.72% of the company's stock.

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.

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