Kelt Exploration Ltd. (TSE:KEL) Senior Officer Sells C$292,500.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Senior Officer Douglas Owen Macarthur sold 45,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 stock was sold at an average price of C$7.22, for a total value of C$72,243.00.

Kelt Exploration Stock Performance

TSE:KEL opened at C$6.64 on Monday. The firm’s fifty day simple moving average is C$6.70 and its 200-day simple moving average is C$6.59. 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 stock has a market cap of C$1.31 billion, a PE ratio of 23.54 and a beta of 1.93. Kelt Exploration Ltd. has a fifty-two week low of C$5.45 and a fifty-two week high of C$7.59.

Wall Street Analyst Weigh In

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

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.