Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg Sells 14,630 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg sold 14,630 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total transaction of C$98,752.50.

Kelt Exploration Trading Down 0.9 %

TSE KEL opened at C$6.74 on Friday. Kelt Exploration Ltd. has a one year low of C$5.45 and a one year high of C$7.59. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The business has a 50 day simple moving average of C$6.65 and a 200 day simple moving average of C$6.61. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 23.89 and a beta of 1.93.

Analyst Upgrades and Downgrades

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

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.