Kelt Exploration (OTCMKTS:KELTF) Stock Price Down 7.8% – Time to Sell?

Kelt Exploration Ltd. (OTCMKTS:KELTF) shares fell 7.8% during mid-day trading on Friday . The stock traded as low as $5.1702 and last traded at $5.1702. 1,000 shares changed hands during trading, a decline of 97% from the average session volume of 35,872 shares. The stock had previously closed at $5.6075.

Analysts Set New Price Targets

KELTF has been the subject of several recent analyst reports. TD Securities restated a “buy” rating on shares of Kelt Exploration in a research note on Friday, November 14th. Roth Capital assumed coverage on shares of Kelt Exploration in a research report on Friday, December 19th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Kelt Exploration Price Performance

The company has a fifty day moving average price of $5.20 and a 200-day moving average price of $5.15.

Kelt Exploration Company Profile

Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.

The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.