Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells C$20,040.00 in Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$6.68, for a total transaction of C$20,040.00.

William Charles Guinan also recently made the following trade(s):

• On Monday, March 17th, William Charles Guinan sold 2,500 shares of Kelt Exploration stock. The shares were sold at an average price of C$6.44, for a total transaction of C$16,100.00.
• On Wednesday, January 8th, William Charles Guinan sold 10,000 shares of Kelt Exploration stock. The stock was sold at an average price of C$7.52, for a total transaction of C$75,200.00.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$6.80 on Friday. The firm has a fifty day moving average of C$6.66 and a two-hundred day moving average of C$6.61. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.61 and a current ratio of 0.50. The stock has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 24.10 and a beta of 1.93. Kelt Exploration Ltd. has a 52 week low of C$5.45 and a 52 week high of C$7.59.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets increased their price objective on Kelt Exploration from C$8.50 to C$9.00 in a research report on Friday, December 13th. CIBC raised their price target on Kelt Exploration from C$10.00 to C$11.50 in a report on Friday, January 17th. Scotiabank lifted their price objective on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Finally, National Bankshares upped their target price 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.

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.