Kelt Exploration (OTCMKTS:KELTF) Stock Price Up 3.8% – Still a Buy?

Shares of Kelt Exploration Ltd. (OTCMKTS:KELTF) were up 3.8% on Tuesday . The company traded as high as $5.6976 and last traded at $5.64. Approximately 57,591 shares traded hands during trading, an increase of 16% from the average daily volume of 49,741 shares. The stock had previously closed at $5.4360.

Analyst Ratings Changes

A number of analysts have recently issued reports on KELTF shares. Roth Capital initiated coverage on Kelt Exploration in a research report on Friday, December 19th. They set a “buy” rating on the stock. TD Securities restated a “buy” rating on shares of Kelt Exploration in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Kelt Exploration presently has a consensus rating of “Buy”.

Kelt Exploration Trading Up 3.8%

The business’s 50-day moving average is $5.44 and its 200-day moving average is $5.16.

About Kelt Exploration

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.