Kelt Exploration Ltd. (TSE:KEL) Director Robert John Dales sold 50,000 shares of Kelt Exploration stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of C$7.20, for a total value of C$360,000.00.
Kelt Exploration Ltd. (TSE:KEL) traded up C$0.07 on Friday, hitting C$6.99. The stock had a trading volume of 257,371 shares, compared to its average volume of 786,402. Kelt Exploration Ltd. has a 52-week low of C$5.56 and a 52-week high of C$7.70.
KEL has been the subject of a number of research analyst reports. CSFB lifted their target price on Kelt Exploration from C$7.25 to C$8.50 in a research report on Monday, November 13th. Raymond James Financial lifted their target price on Kelt Exploration from C$9.25 to C$9.75 and gave the company a “strong-buy” rating in a research report on Friday, November 10th. Scotiabank lifted their target price on Kelt Exploration from C$8.75 to C$9.25 and gave the company an “outperform” rating in a research report on Tuesday, October 10th. National Bank Financial lifted their target price on Kelt Exploration from C$7.00 to C$8.75 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Finally, Eight Capital reissued a “buy” rating and issued a C$10.00 price target on shares of Kelt Exploration in a research report on Wednesday, September 27th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$8.80.
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.
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