Kelt Exploration Ltd. (TSE:KEL) Director Robert John Dales sold 50,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of C$7.20, for a total transaction of C$360,000.00.
Kelt Exploration Ltd. (KEL) traded up C$0.04 during mid-day trading on Wednesday, hitting C$7.28. 250,956 shares of the stock traded hands, compared to its average volume of 788,561. Kelt Exploration Ltd. has a twelve month low of C$5.56 and a twelve month high of C$7.70.
KEL has been the subject of a number of research analyst reports. Eight Capital reaffirmed a “buy” rating and issued a C$10.00 target price on shares of Kelt Exploration in a report on Wednesday, September 27th. Scotiabank increased their target price on shares of Kelt Exploration from C$8.75 to C$9.25 and gave the company an “outperform” rating in a report on Tuesday, October 10th. National Bank Financial increased their price target on shares of 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. Raymond James Financial increased their price target on shares of 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. Finally, TD Securities increased their price target on shares of Kelt Exploration from C$8.50 to C$9.00 and gave the company a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Kelt Exploration presently has an average rating of “Buy” and an average target price of C$8.80.
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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