Kelt Exploration Ltd (TSE:KEL) Director William Charles Guinan acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of C$2.80 per share, with a total value of C$14,023.00. Following the acquisition, the director now owns 1,139,459 shares of the company’s stock, valued at C$3,195,726.71.
KEL stock traded up C$0.14 during mid-day trading on Friday, reaching C$2.84. The company had a trading volume of 889,100 shares, compared to its average volume of 995,449. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 36.75. The stock has a market capitalization of $502.96 million and a P/E ratio of 28.40. Kelt Exploration Ltd has a one year low of C$2.59 and a one year high of C$9.56. The stock’s 50-day simple moving average is C$3.67 and its two-hundred day simple moving average is C$4.70.
A number of research firms have commented on KEL. Eight Capital decreased their price objective on shares of Kelt Exploration from C$7.75 to C$7.00 in a report on Friday, August 9th. GMP Securities cut their target price on Kelt Exploration from C$6.75 to C$6.00 in a research note on Friday, June 28th. Royal Bank of Canada cut their target price on Kelt Exploration from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Cormark cut their target price on Kelt Exploration from C$9.00 to C$8.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets cut their target price on Kelt Exploration from C$7.50 to C$6.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$7.05.
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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.
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