Kelt Exploration Ltd (TSE:KEL) Director Robert John Dales sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of C$6.46, for a total transaction of C$32,300.00.
Kelt Exploration Ltd (TSE KEL) traded down 0.64% during midday trading on Monday, reaching $6.21. 489,221 shares of the company traded hands. The firm has a 50-day moving average of $6.88 and a 200-day moving average of $6.59. The stock’s market capitalization is $1.09 billion. Kelt Exploration Ltd has a 1-year low of $4.22 and a 1-year high of $7.70.
Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a C$9.00 target price on shares of Kelt Exploration in a research note on Monday. TD Securities upped their target price on shares of Kelt Exploration from C$9.00 to C$9.50 and gave the company an “action list buy” rating in a research note on Thursday, May 11th. Scotiabank set a C$8.50 target price on shares of Kelt Exploration and gave the company an “outperform” rating in a research note on Monday, February 13th. Raymond James Financial, Inc. lowered their target price on shares of Kelt Exploration from C$10.00 to C$9.50 and set a “strong-buy” rating on the stock in a research note on Thursday, May 11th. Finally, CSFB reaffirmed a “neutral” rating and set a C$7.00 price target on shares of Kelt Exploration in a research report on Thursday, May 11th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$8.15.
About Kelt Exploration
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/kelt-exploration-ltd-kel-director-robert-john-dales-sells-5000-shares/1883150.html
Receive News & Ratings for Kelt Exploration Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration Ltd and related companies with MarketBeat.com's FREE daily email newsletter.