Bruce Douglas Gigg Sells 14,630 Shares of Kelt Exploration Ltd. (TSE:KEL) Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Bruce Douglas Gigg sold 14,630 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$6.75, for a total value of C$98,752.50.

Kelt Exploration Stock Down 0.9 %

Shares of TSE KEL traded down C$0.06 during trading hours on Friday, hitting C$6.74. The company had a trading volume of 383,450 shares, compared to its average volume of 427,526. Kelt Exploration Ltd. has a 1-year low of C$5.45 and a 1-year high of C$7.59. The company has a quick ratio of 0.61, a current ratio of 0.50 and a debt-to-equity ratio of 4.53. The firm’s 50 day moving average is C$6.65 and its 200-day moving average is C$6.61. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 23.89 and a beta of 1.93.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KEL. National Bankshares increased their target price on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Scotiabank increased their price objective on shares of Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, CIBC lifted their price target on Kelt Exploration from C$10.00 to C$11.50 in a research note on Friday, January 17th.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in Western Canada. The company markets its crude oil and natural gas liquids primarily to third party. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.