Louise Lee Sells 7,776 Shares of Kelt Exploration (TSE:KEL) Stock

Key Points

• Insider Louise Lee sold 7,776 shares of Kelt Exploration at an average price of C$6.03, reducing her stake by 26.29%.
• Following the sale, Kelt Exploration's stock went up by 1.1% to C$6.20, with a market capitalization of C$1.23 billion.
• Royal Bank of Canada raised its price target for Kelt Exploration from C$8.00 to C$8.50, maintaining an "outperform" rating amid a consensus rating of "Buy."

Kelt Exploration Ltd. (TSE:KEL - Get Free Report) insider Louise Lee sold 7,776 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of C$6.03, for a total value of C$46,889.28. Following the sale, the insider owned 21,802 shares in the company, valued at approximately C$131,466.06. The trade was a 26.29% decrease in their position.

Kelt Exploration Stock Up 1.1%

Shares of Kelt Exploration stock traded up C$0.07 on Wednesday, hitting C$6.20. The company had a trading volume of 326,535 shares, compared to its average volume of 391,711. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 16.76 and a beta of -0.35. Kelt Exploration Ltd. has a 1 year low of C$4.90 and a 1 year high of C$7.97. The stock has a 50 day moving average of C$6.75 and a 200-day moving average of C$6.73. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lifted their price target on Kelt Exploration from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$9.88.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.

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