Kelt Exploration (OTCMKTS:KELTF) Shares Up 0.1% – Should You Buy?

Kelt Exploration Ltd. (OTCMKTS:KELTF)’s share price shot up 0.1% during trading on Tuesday . The company traded as high as $6.7560 and last traded at $6.7560. 37,770 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 53,211 shares. The stock had previously closed at $6.75.

Analyst Upgrades and Downgrades

Separately, Roth Mkm initiated coverage on Kelt Exploration in a research report on Friday, December 19th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kelt Exploration presently has a consensus rating of “Buy”.

Kelt Exploration Stock Up 0.1%

The firm has a 50 day moving average of $6.26 and a 200-day moving average of $5.55.

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.