Kelt Exploration (OTCMKTS:KELTF) Shares Down 16.8%

Kelt Exploration Ltd (OTCMKTS:KELTF)’s stock price was down 16.8% on Monday . The stock traded as low as $2.20 and last traded at $2.20, approximately 200 shares traded hands during trading. A decline of 94% from the average daily volume of 3,556 shares. The stock had previously closed at $2.64.

Separately, Raymond James reiterated a “buy” rating on shares of Kelt Exploration in a research report on Thursday, July 11th. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy”.

The firm has a 50-day moving average price of $2.43 and a two-hundred day moving average price of $3.22.

About Kelt Exploration (OTCMKTS:KELTF)

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, 2018, the company held petroleum and natural gas rights in 841,415 net acres of undeveloped land.

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