Kelt Exploration Ltd (TSE:KEL) Senior Officer Bruce Douglas Gigg acquired 10,000 shares of Kelt Exploration stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of C$2.65 per share, with a total value of C$26,500.00. Following the completion of the purchase, the insider now directly owns 130,419 shares in the company, valued at approximately C$345,610.35.

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

  • On Monday, August 19th, Bruce Douglas Gigg acquired 30,000 shares of Kelt Exploration stock. The stock was acquired at an average price of C$2.93 per share, with a total value of C$87,960.00.

KEL opened at C$2.82 on Friday. The company has a fifty day moving average price of C$3.38 and a 200-day moving average price of C$4.59. The firm has a market capitalization of $460.59 million and a P/E ratio of 28.20. The company has a debt-to-equity ratio of 36.75, a current ratio of 0.44 and a quick ratio of 0.42. Kelt Exploration Ltd has a one year low of C$2.45 and a one year high of C$9.43.

A number of research analysts have recently commented on KEL shares. Royal Bank of Canada reduced their price target on shares of Kelt Exploration from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. GMP Securities reduced their price target on shares of Kelt Exploration from C$6.75 to C$6.00 in a research report on Friday, June 28th. Cormark reduced their price target on shares of Kelt Exploration from C$9.00 to C$8.00 in a research report on Friday, August 9th. Raymond James restated a “strong-buy” rating and set a C$7.00 price target on shares of Kelt Exploration in a research report on Friday, August 9th. Finally, Canaccord Genuity reduced their price target on shares of Kelt Exploration from C$10.00 to C$8.00 in a research report on Tuesday, July 9th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Kelt Exploration presently has a consensus rating of “Buy” and an average target price of C$7.05.

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 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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