Kelt Exploration (TSE:KEL) Stock Passes Above 200-Day Moving Average – Here’s Why

Posted by Andrew Walz on Jun 8th, 2025

Kelt Exploration Ltd. (TSE:KEL – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.51 and traded as high as C$6.98. Kelt Exploration shares last traded at C$6.96, with a volume of 472,656 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on KEL. Raymond James set a C$9.50 price objective on Kelt Exploration and gave the stock an “outperform” rating in a research note on Tuesday, April 8th. CIBC dropped their price objective on Kelt Exploration from C$11.50 to C$10.75 in a research note on Thursday, April 10th.

Read Our Latest Research Report on Kelt Exploration

Kelt Exploration Price Performance

The company has a current ratio of 0.50, a quick ratio of 0.61 and a debt-to-equity ratio of 4.53. The firm has a market cap of C$1.38 billion, a P/E ratio of 24.67 and a beta of 1.93. The firm has a 50-day simple moving average of C$6.11 and a 200-day simple moving average of C$6.51.

Insider Transactions at Kelt Exploration

In related news, Director Michael Shea sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$6.75, for a total value of C$202,500.00. Also, Senior Officer Douglas Owen Macarthur sold 45,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$6.50, for a total value of C$292,500.00. Insiders sold 120,856 shares of company stock valued at $801,568 in the last quarter. 15.87% of the stock is currently owned by corporate insiders.

Kelt Exploration Company Profile

(Get Free Report)

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada.