Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$98,752.50 in Stock

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

Kelt Exploration Stock Performance

TSE KEL opened at C$6.80 on Tuesday. 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$1.35 billion, a PE ratio of 24.10 and a beta of 1.93. The business’s 50-day moving average price is C$6.63 and its 200 day moving average price is C$6.62. Kelt Exploration Ltd. has a twelve month low of C$5.45 and a twelve month high of C$7.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. CIBC boosted their price target on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. National Bankshares boosted their target price on shares of 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. Scotiabank raised their price target on shares of Kelt Exploration from C$10.50 to C$11.50 in a research note on Friday, January 17th. Finally, BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th.

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.