Patrick William George Miles Sells 25,000 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$6.68, for a total value of C$167,000.00.

Patrick William George Miles also recently made the following trade(s):

• On Tuesday, January 21st, Patrick William George Miles sold 48,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.35, for a total value of C$352,876.80.
• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Price Performance

KEL stock opened at C$6.70 on Wednesday. The business’s fifty day moving average price is C$6.69 and its 200 day moving average price is C$6.59. Kelt Exploration Ltd. has a 12-month low of C$5.45 and a 12-month high of C$7.59. 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 company has a market capitalization of C$1.33 billion, a PE ratio of 23.75 and a beta of 1.93.

Wall Street Analyst Weigh In

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