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Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells 45,000 Shares of Stock

Kelt Exploration logo with Energy background
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Kelt Exploration Ltd. (TSE:KEL - Get Free Report) Senior Officer Douglas Owen Macarthur sold 45,000 shares of Kelt Exploration stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$6.50, for a total value of C$292,500.00.

Douglas Owen Macarthur also recently made the following trade(s):

  • On Monday, January 13th, Douglas Owen Macarthur sold 10,000 shares of Kelt Exploration stock. The shares were sold at an average price of C$7.22, for a total transaction of C$72,243.00.

Kelt Exploration Stock Performance

Shares of KEL remained flat at C$6.70 during mid-day trading on Tuesday. The stock had a trading volume of 151,369 shares, compared to its average volume of 431,089. 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 52 week low of C$5.45 and a 52 week high of C$7.59. The business's fifty day moving average price is C$6.69 and its 200-day moving average price is C$6.59. The stock has a market cap of C$1.33 billion, a PE ratio of 23.75 and a beta of 1.93.

Wall Street Analyst Weigh In

Several brokerages have commented on KEL. CIBC boosted their price target on shares of Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Scotiabank increased their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. Finally, National Bankshares upped their price objective 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.

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Read Our Latest Stock Analysis on KEL

About Kelt Exploration

(Get Free Report)

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.

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