Raymond James Reiterates Hold Rating for Kelt Exploration (OTCMKTS:KELTF)

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Kelt Exploration (OTCMKTS:KELTF)‘s stock had its “hold” rating restated by stock analysts at Raymond James in a report issued on Thursday, AnalystRatings.com reports. They presently have a $2.50 price objective on the stock. Raymond James’ price objective would suggest a potential upside of 317.01% from the company’s previous close.

Shares of OTCMKTS:KELTF remained flat at $$0.60 during trading on Thursday. 60 shares of the stock were exchanged, compared to its average volume of 3,503. The company has a 50 day moving average price of $2.02 and a two-hundred day moving average price of $2.65. Kelt Exploration has a 1 year low of $0.54 and a 1 year high of $4.43.

Kelt Exploration Company Profile

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. As of December 31, 2018, the company held petroleum and natural gas rights in 841,415 net acres of undeveloped land.

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