Michael Shea Sells 30,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Director Michael Shea sold 30,000 shares of the business’s 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 Stock Performance

Kelt Exploration stock opened at C$6.74 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The firm has a market cap of C$1.33 billion, a P/E ratio of 23.89 and a beta of 1.93. Kelt Exploration Ltd. has a 1-year low of C$5.45 and a 1-year high of C$7.59. The firm has a 50-day moving average of C$6.65 and a 200-day moving average of C$6.61.

Analyst Upgrades and Downgrades

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

Kelt Exploration Company Profile

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.