Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 25,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Patrick William George Miles sold 25,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$6.68, for a total value of C$167,000.00.

Patrick William George Miles also recently made the following trade(s):

• On Tuesday, January 21st, Patrick William George Miles sold 48,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.35, for a total transaction of C$352,876.80.
• On Wednesday, January 8th, Patrick William George Miles sold 45,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.47, for a total transaction of C$336,150.00.

Kelt Exploration Stock Performance

Shares of KEL stock traded up C$0.02 on Tuesday, reaching C$6.72. The stock had a trading volume of 24,549 shares, compared to its average volume of 428,818. Kelt Exploration Ltd. has a 12 month low of C$5.45 and a 12 month high of C$7.59. The firm has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 23.82 and a beta of 1.93. The firm’s 50-day moving average is C$6.69 and its two-hundred day moving average is C$6.59. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KEL shares. National Bankshares lifted their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Scotiabank increased their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Finally, CIBC upped their price objective on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th.

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.