Kiwetinohk Energy (TSE:KEC) Trading Up 2.2% – Here’s Why

Kiwetinohk Energy Corp. (TSE:KEC)’s stock price rose 2.2% on Tuesday . The stock traded as high as C$23.37 and last traded at C$23.10. Approximately 14,164 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 15,017 shares. The stock had previously closed at C$22.60.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their price objective on shares of Kiwetinohk Energy from C$18.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$22.00.

Kiwetinohk Energy Trading Up 2.2%

The stock has a 50 day moving average of C$23.44 and a 200 day moving average of C$20.12. The company has a debt-to-equity ratio of 33.50, a current ratio of 0.82 and a quick ratio of 0.48. The firm has a market cap of C$1.01 billion, a P/E ratio of 7.91 and a beta of 0.46.

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.