Kelt Exploration (TSE:KEL) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Kelt Exploration Ltd. (TSE:KEL)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.57 and traded as low as C$6.27. Kelt Exploration shares last traded at C$6.31, with a volume of 687,668 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on KEL shares. BMO Capital Markets boosted their price objective on shares of Kelt Exploration from C$8.50 to C$9.00 in a research note on Friday, December 13th. CIBC upped their price target on Kelt Exploration from C$10.00 to C$11.50 in a research report on Friday, January 17th. Scotiabank upped their price target on Kelt Exploration from C$10.50 to C$11.50 in a research report on Friday, January 17th. Finally, National Bankshares upped their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$9.64.

Kelt Exploration Stock Performance

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 business has a 50-day moving average price of C$6.93 and a 200-day moving average price of C$6.57. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 22.37 and a beta of 1.93.

Insider Activity at Kelt Exploration

In other news, Director David John Wilson bought 656,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of C$6.05 per share, with a total value of C$3,974,245.00. Also, Director William Charles Guinan sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$7.52, for a total value of C$75,200.00. Insiders have sold a total of 123,000 shares of company stock valued at $911,270 in the last ninety days. Company insiders own 15.87% of the company’s stock.

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.