Kelt Exploration Ltd. (KEL) Insider Acquires C$11,248.00 in Stock
Kelt Exploration Ltd. (TSE:KEL) insider Sadiq Lalani bought 1,600 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of C$7.03 per share, for a total transaction of C$11,248.00.
Shares of Kelt Exploration Ltd. (TSE:KEL) traded up C$0.18 during trading hours on Monday, hitting C$7.23. 541,393 shares of the company were exchanged, compared to its average volume of 807,971. Kelt Exploration Ltd. has a fifty-two week low of C$5.56 and a fifty-two week high of C$7.70.
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Several research firms have weighed in on KEL. National Bank Financial cut their target price on shares of Kelt Exploration from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a report on Friday, November 10th. CSFB increased their target price on shares of Kelt Exploration from C$7.25 to C$8.50 in a report on Monday, November 13th. Scotiabank increased their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a report on Tuesday, October 10th. TD Securities increased their target price on shares of Kelt Exploration from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Eight Capital reiterated a “buy” rating and issued a C$10.00 target price on shares of Kelt Exploration in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$8.80.
Kelt Exploration Company Profile
Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.
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