Insider Selling: Kelt Exploration Ltd. (TSE:KEL) Director Sells 3,000 Shares of Stock

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 3,000 shares of the company’s stock in a transaction that occurred on 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 value of C$75,200.00.

Kelt Exploration Stock Performance

Shares of Kelt Exploration stock opened at C$6.80 on Friday. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of 24.10 and a beta of 1.93. The stock’s 50-day moving average is C$6.66 and its 200-day moving average is C$6.61. Kelt Exploration Ltd. has a one year low of C$5.45 and a one year high of C$7.59.

Analyst Upgrades and Downgrades

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

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.