Kelt Exploration (TSE:KEL) Insider Sells C$757,229.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) insider Patrick William George Miles sold 94,300 shares of Kelt Exploration stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$8.03, for a total transaction of C$757,229.00. Following the transaction, the insider owned 911,855 shares in the company, valued at approximately C$7,322,195.65. This trade represents a 9.37% decrease in their position.

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

• On Wednesday, January 28th, Patrick William George Miles sold 200 shares of Kelt Exploration stock. The stock was sold at an average price of C$8.00, for a total value of C$1,600.00.

Kelt Exploration Price Performance

TSE:KEL opened at C$8.29 on Tuesday. The business’s 50-day simple moving average is C$7.69 and its two-hundred day simple moving average is C$7.22. Kelt Exploration Ltd. has a 52 week low of C$4.90 and a 52 week high of C$8.71. The stock has a market cap of C$1.65 billion, a PE ratio of 28.59 and a beta of -0.36. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53.

Analyst Ratings Changes

Several research firms have recently issued reports on KEL. TD Securities set a C$9.50 price objective on shares of Kelt Exploration and gave the company a “buy” rating in a research report on Tuesday, January 6th. Canadian Imperial Bank of Commerce lifted their price target on shares of Kelt Exploration from C$10.50 to C$11.00 in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kelt Exploration presently has a consensus rating of “Buy” and an average price target of C$9.63.

About Kelt Exploration

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.