Insider Buying: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Purchases 5,500 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Jeffery Errico bought 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average cost of C$6.78 per share, with a total value of C$37,290.00.

Kelt Exploration Stock Performance

Shares of KEL traded up C$0.01 during mid-day trading on Wednesday, reaching C$6.71. The company’s stock had a trading volume of 260,620 shares, compared to its average volume of 427,425. The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. Kelt Exploration Ltd. has a 1-year low of C$5.45 and a 1-year high of C$7.59. The business has a 50-day simple moving average of C$6.68 and a two-hundred day simple moving average of C$6.59. The stock has a market cap of C$1.33 billion, a P/E ratio of 23.78 and a beta of 1.93.

Wall Street Analysts Forecast Growth

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

About Kelt Exploration

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.