Kiwetinohk Energy (TSE:KEC) Trading 0.1% Higher – Should You Buy?

Kiwetinohk Energy Corp. (TSE:KEC) shares traded up 0.1% during trading on Friday . The company traded as high as C$24.79 and last traded at C$24.73. 359,668 shares changed hands during mid-day trading, an increase of 1,427% from the average session volume of 23,556 shares. The stock had previously closed at C$24.70.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lowered Kiwetinohk Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.50.

Kiwetinohk Energy Price Performance

The company has a fifty day simple moving average of C$24.73 and a 200-day simple moving average of C$24.10. The company has a market cap of C$1.10 billion, a P/E ratio of 9.59 and a beta of 0.43. The company has a debt-to-equity ratio of 33.50, a current ratio of 0.82 and a quick ratio of 0.48.

About Kiwetinohk Energy

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.