Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 8,500 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Alan G. Franks sold 8,500 shares of the company’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of C$3.82, for a total value of C$32,470.00. Following the completion of the sale, the insider now owns 21,094 shares of the company’s stock, valued at approximately C$80,579.08.

TSE KEL opened at C$4.21 on Friday. The stock has a market capitalization of C$794.31 million and a PE ratio of 13.37. The business has a 50 day simple moving average of C$3.33 and a two-hundred day simple moving average of C$3.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.87. Kelt Exploration Ltd. has a 1-year low of C$1.34 and a 1-year high of C$4.24.

Several analysts recently issued reports on KEL shares. TD Securities increased their target price on Kelt Exploration from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. CIBC increased their target price on Kelt Exploration from C$5.00 to C$5.50 in a research report on Friday, August 6th. Raymond James reiterated an “outperform” rating and set a C$4.25 target price on shares of Kelt Exploration in a research report on Friday, August 6th. Royal Bank of Canada reiterated an “outperform” rating and set a C$4.00 target price on shares of Kelt Exploration in a research report on Tuesday, May 25th. Finally, BMO Capital Markets increased their target price on Kelt Exploration from C$4.00 to C$4.50 and gave the stock a “na” rating in a research report on Monday, June 21st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$4.98.

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, 2019, its proved plus probable reserves were 461.0 million barrels of oil equivalent.

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