Kiwetinohk Energy (TSE:KEC) Stock Price Down 0.9% - Time to Sell?

Key Points

• Kiwetinohk Energy Corp. shares experienced a decline of 0.9%, trading at C$23.52 with an average volume decline of 81% from previous trading days.
• Analyst reports indicate a consensus rating of "Buy" with a revised average price target of C$22.00 from multiple research institutions.
• Insider buying activity has been notable, with directors purchasing a total of 65,542 shares worth approximately C$1.35 million in recent months.

Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) shares dropped 0.9% during mid-day trading on Monday . The company traded as low as C$23.45 and last traded at C$23.52. Approximately 2,895 shares changed hands during trading, a decline of 81% from the average daily volume of 15,460 shares. The stock had previously closed at C$23.73.

Analyst Ratings Changes

KEC has been the subject of a number of research analyst reports. National Bankshares lifted 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 Kiwetinohk Energy from C$18.00 to C$21.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$22.00.

Kiwetinohk Energy Stock Down 0.9%

The stock has a 50-day moving average of C$22.68 and a two-hundred day moving average of C$18.58. The company has a market cap of C$1.03 billion, a P/E ratio of 8.05 and a beta of 0.63. 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

In other news, Director Judith Athaide bought 4,842 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of C$20.65 per share, for a total transaction of C$99,987.30. Also, Director Steven William Sinclair bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of C$20.25 per share, with a total value of C$405,000.00. Insiders have purchased a total of 65,542 shares of company stock worth $1,353,755 over the last ninety days. Corporate insiders own 14.72% of the company's stock.

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.

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