Kelt Exploration Ltd. Senior Officer Sells Shares

Kelt Exploration Ltd. (TSE:KEL) recently reported that Senior Officer Douglas Owen Macarthur has sold 45,000 shares of the company. This transaction took place on Wednesday, March 19th, with the shares being sold at an average price of C$6.50. The total proceeds from this sale amounted to C$292,500.

In addition to this recent transaction, Douglas Owen Macarthur had previously sold 10,000 shares of Kelt Exploration stock on January 13th. That sale was executed at an average price of C$7.22, yielding a total value of C$72,243.

Kelt Exploration Price Performance

On Friday, Kelt Exploration's stock (TSE:KEL) traded down by C$0.03, reaching a price of C$6.64. The trading volume for the day stood at 441,689 shares, which is slightly higher than the average volume of 426,827 shares. Kelt Exploration has a current ratio of 0.50, a quick ratio of 0.61, and a debt-to-equity ratio of 4.53. Over the past year, the stock has seen a low of C$5.45 and a high of C$7.59. As of now, the company has a market capitalization of C$1.31 billion and a price-to-earnings (P/E) ratio of 23.54, with a beta of 1.93.

Analyst Ratings Changes

Several analysts have provided updates on Kelt Exploration's stock. CIBC recently increased their target price for Kelt Exploration from C$10.00 to C$11.50 in a report dated January 17th. Similarly, Scotiabank raised their target price from C$10.50 to C$11.50 on the same day. National Bankshares also raised their target price from C$9.00 to C$10.00 with an "outperform" rating given in a report on January 30th. BMO Capital Markets had previously increased their target price from C$8.50 to C$9.00 as of December 13th.

About Kelt Exploration

Kelt Exploration Ltd. is an oil and gas company focused on the exploration, development, and production of crude oil and natural gas resources primarily located in Western Canada. The company mainly markets its products to third parties and was established in 2012, with its headquarters in Calgary, Canada.

Kelt, Exploration, Shares