Insider Buying: Kiwetinohk Energy Corp. (TSE:KEC) Director Buys 20,000 Shares of Stock

Kiwetinohk Energy Corp. (TSE:KEC - Get Free Report) Director Steven William Sinclair purchased 20,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average price of C$20.25 per share, for a total transaction of C$405,000.00.

Kiwetinohk Energy Stock Up 2.1%

KEC stock traded up C$0.43 during midday trading on Monday, hitting C$21.10. The company's stock had a trading volume of 12,688 shares, compared to its average volume of 16,544. The firm has a 50-day simple moving average of C$17.17 and a 200-day simple moving average of C$16.59. The firm has a market capitalization of C$923.31 million, a P/E ratio of 14.09 and a beta of 0.29. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 33.50. Kiwetinohk Energy Corp. has a 52-week low of C$12.51 and a 52-week high of C$21.24.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KEC. Royal Bank Of Canada raised their target price on Kiwetinohk Energy from C$18.00 to C$21.00 and gave the stock an "outperform" rating in a research note on Monday. National Bankshares raised their price objective on 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 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.