Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells C$16,100.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 2,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$6.44, for a total value of C$16,100.00.

William Charles Guinan also recently made the following trade(s):

• On Wednesday, January 8th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00.

Kelt Exploration Trading Up 2.9 %

Shares of TSE KEL opened at C$6.67 on Friday. The stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 23.64 and a beta of 1.93. The business has a 50 day simple moving average of C$6.71 and a 200 day simple moving average of C$6.58. Kelt Exploration Ltd. has a 52 week low of C$5.45 and a 52 week high of C$7.59. 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 Analyst Weigh In

Several equities analysts have weighed in on KEL shares. BMO Capital Markets lifted their target price on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. CIBC lifted their target price on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. Scotiabank lifted their target price on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, National Bankshares lifted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

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.