Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$292,500.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 45,000 shares of Kelt Exploration stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$6.50, for a total value of C$292,500.00.

Douglas Owen Macarthur also recently made the following trade(s):

• On Monday, January 13th, Douglas Owen Macarthur sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.22, for a total value of C$72,243.00.

Kelt Exploration Price Performance

Shares of TSE KEL opened at C$6.64 on Friday. Kelt Exploration Ltd. has a twelve month low of C$5.45 and a twelve month high of C$7.59. The stock’s 50 day moving average price is C$6.70 and its 200-day moving average price is C$6.59. The company has a market capitalization of C$1.31 billion, a PE ratio of 23.54 and a beta of 1.93. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53.

Analysts Set New Price Targets

A number of research firms have issued reports on KEL. CIBC lifted their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th. BMO Capital Markets lifted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. Scotiabank lifted their price target on Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, National Bankshares boosted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock 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.