Kiwetinohk Energy (TSE:KEC) Trading Up 0.1% – Here’s What Happened

Shares of Kiwetinohk Energy Corp. (TSE:KEC) traded up 0.1% during mid-day trading on Friday . The company traded as high as C$24.79 and last traded at C$24.73. 359,668 shares traded hands during mid-day trading, an increase of 1,427% from the average session volume of 23,556 shares. The stock had previously closed at C$24.70.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets downgraded Kiwetinohk Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$22.50.

Kiwetinohk Energy Trading Up 0.1%

The business’s 50 day moving average price is C$24.73 and its two-hundred day moving average price is C$24.10. The company has a debt-to-equity ratio of 33.50, a quick ratio of 0.48 and a current ratio of 0.82. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 9.59 and a beta of 0.43.

Kiwetinohk Energy Company Profile

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.