Kelt Exploration Ltd. (TSE:KEL) Director Sells C$202,500.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director Michael Shea sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$6.75, for a total value of C$202,500.00.

Kelt Exploration Trading Down 0.9 %

KEL traded down C$0.06 during mid-day trading on Friday, hitting C$6.74. 383,450 shares of the stock were exchanged, compared to its average volume of 427,526. The firm’s fifty day moving average is C$6.66 and its two-hundred day moving average is C$6.61. Kelt Exploration Ltd. has a 1-year low of C$5.45 and a 1-year high of C$7.59. The company has a market cap of C$1.33 billion, a PE ratio of 23.89 and a beta of 1.93. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

Wall Street Analysts Forecast Growth

KEL has been the topic of several recent analyst reports. CIBC upped their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. National Bankshares upped their target price on shares of Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their target price on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Finally, Scotiabank boosted their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th.

About Kelt Exploration

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.