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

Shares of Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$21.25 and last traded at C$21.25, with a volume of 2027 shares trading hands. The stock had previously closed at C$21.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KEC. Royal Bank Of Canada lifted their target price 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. National Bankshares raised their price objective on shares of Kiwetinohk Energy from C$22.50 to C$24.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th.

Kiwetinohk Energy Trading Up 0.7%

The company has a 50 day simple moving average of C$17.40 and a 200 day simple moving average of C$16.66. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 33.50. The stock has a market capitalization of C$929.87 million, a PE ratio of 14.19 and a beta of 0.29.

Insider Buying and Selling

In other news, Director Steven William Sinclair acquired 20,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was bought at an average price of C$20.25 per share, for a total transaction of C$405,000.00. Also, Senior Officer Lisa Wong bought 2,000 shares of the stock in a transaction dated Friday, June 27th. The stock was purchased at an average cost of C$20.77 per share, for a total transaction of C$41,545.00. In the last ninety days, insiders acquired 51,842 shares of company stock worth $1,052,515. 14.72% of the stock is currently owned by company insiders.

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.