Kelt Exploration (TSE:KEL) Issues Quarterly Earnings Results

Kelt Exploration (TSE:KEL) announced its quarterly earnings results on Thursday. The oil and gas exploration company reported C($0.04) EPS for the quarter, FiscalAI reports. The business had revenue of C$100.14 million for the quarter. Kelt Exploration had a return on equity of 5.40% and a net margin of 13.12%.

Kelt Exploration Trading Down 0.6%

Shares of TSE:KEL opened at C$7.65 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The stock has a market capitalization of C$1.52 billion, a PE ratio of 20.68 and a beta of -0.46. Kelt Exploration has a 1 year low of C$4.90 and a 1 year high of C$8.22. The firm has a fifty day moving average price of C$6.82 and a 200 day moving average price of C$6.89.

Insider Activity

In related news, insider Louise Lee sold 7,776 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of C$6.03, for a total value of C$46,889.28. Following the transaction, the insider directly owned 21,802 shares of the company’s stock, valued at approximately C$131,466.06. This trade represents a 26.29% decrease in their position. Also, Director Raymond Kwan bought 49,305 shares of Kelt Exploration stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of C$6.65 per share, with a total value of C$327,878.25. Following the completion of the acquisition, the director owned 105,755 shares in the company, valued at approximately C$703,270.75. The trade was a 87.34% increase in their position. 15.87% of the stock is owned by company insiders.

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.