Kolibri Global Energy (TSE:KEI) Shares Down 3.1% - Here's What Happened

Key Points

• Kolibri Global Energy Inc. stock price fell by 3.1%, closing at C$7.91 after reaching a low of C$7.83.
• Senior Officer Gary Johnson sold 5,500 shares at an average price of C$9.50, indicating some insider selling activity.
• The company has a market capitalization of C$197.51 million and a PE ratio of 11.57, reflecting its financial metrics in the energy sector.

Kolibri Global Energy Inc. (TSE:KEI - Get Free Report)'s share price dropped 3.1% on Tuesday . The stock traded as low as C$7.83 and last traded at C$7.91. Approximately 91,025 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 49,944 shares. The stock had previously closed at C$8.16.

Kolibri Global Energy Stock Performance

The stock has a market cap of C$207.25 million, a PE ratio of 12.14 and a beta of 2.32. The company has a 50 day moving average of C$8.87 and a two-hundred day moving average of C$9.87.

Insider Buying and Selling

In other Kolibri Global Energy news, Senior Officer Gary Johnson sold 5,500 shares of Kolibri Global Energy stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$9.50, for a total value of C$52,250.00. Insiders own 1.11% of the company's stock.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.