Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.99 and traded as high as C$9.83. Kelt Exploration shares last traded at C$9.81, with a volume of 613,356 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Royal Bank Of Canada increased their target price on Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Scotia set a C$13.00 price target on Kelt Exploration and gave the stock a “sector outperform” rating in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$11.42.
Check Out Our Latest Stock Report on KEL
Kelt Exploration Trading Up 1.7%
Insiders Place Their Bets
In other Kelt Exploration news, insider Patrick William George Miles sold 56,666 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$9.90, for a total value of C$560,993.40. Following the completion of the transaction, the insider directly owned 911,855 shares in the company, valued at approximately C$9,027,364.50. The trade was a 5.85% decrease in their position. Also, insider Alan G. Franks sold 85,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$10.17, for a total value of C$864,450.00. Following the sale, the insider owned 19,158 shares in the company, valued at C$194,836.86. This trade represents a 81.61% decrease in their position. Over the last 90 days, insiders have sold 211,666 shares of company stock valued at $2,124,643. Insiders own 15.87% of the company’s stock.
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. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.
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