Kelt Exploration (TSE:KEL) Insider Sells C$46,889.28 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Louise Lee sold 7,776 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the sale, the insider owned 21,802 shares of the company’s stock, valued at approximately C$131,466.06. This represents a 26.29% decrease in their ownership of the stock.

Kelt Exploration Stock Performance

Kelt Exploration stock opened at C$6.30 on Friday. Kelt Exploration Ltd. has a 1-year low of C$4.90 and a 1-year high of C$7.97. The firm has a market cap of C$1.25 billion, a P/E ratio of 17.03 and a beta of -0.35. The firm has a 50-day moving average of C$6.72 and a 200-day moving average of C$6.74. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada increased their price target on shares of Kelt Exploration from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$9.88.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.