Kelt Exploration Ltd (KEL) Insider Buys C$23,750.00 in Stock

Kelt Exploration Ltd (TSE:KEL) insider Bruce Douglas Gigg acquired 5,000 shares of the company’s stock in a transaction on Friday, November 23rd. The stock was acquired at an average price of C$4.75 per share, with a total value of C$23,750.00.

Bruce Douglas Gigg also recently made the following trade(s):

  • On Tuesday, November 20th, Bruce Douglas Gigg acquired 10,000 shares of Kelt Exploration stock. The stock was acquired at an average price of C$4.75 per share, with a total value of C$47,500.00.

Shares of TSE:KEL opened at C$4.63 on Monday. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.48 and a current ratio of 0.52. Kelt Exploration Ltd has a 12 month low of C$4.49 and a 12 month high of C$10.01.

Several analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price objective on shares of Kelt Exploration in a research note on Tuesday, July 31st. TD Securities lifted their price objective on shares of Kelt Exploration from C$10.75 to C$12.00 in a research note on Friday, August 10th. Raymond James dropped their price objective on shares of Kelt Exploration from C$12.50 to C$11.50 and set a “strong-buy” rating for the company in a research note on Monday, November 12th. Royal Bank of Canada dropped their price objective on shares of Kelt Exploration from C$11.00 to C$9.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Finally, Eight Capital dropped their price objective on shares of Kelt Exploration from C$11.00 to C$10.50 in a research note on Monday, November 12th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Kelt Exploration currently has an average rating of “Buy” and an average price target of C$10.66.

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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 northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2017, the company holds petroleum and natural gas rights in 637,823 net acres of undeveloped land.

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