Kelt Exploration (TSE:KEL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kelt Exploration Ltd. (TSE:KEL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.82 and traded as high as C$7.47. Kelt Exploration shares last traded at C$7.40, with a volume of 1,260,548 shares traded.

Kelt Exploration Trading Up 8.2%

The business’s 50-day moving average price is C$6.69 and its 200 day moving average price is C$6.82. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.50 and a quick ratio of 0.61. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 20.00 and a beta of -0.46.

Insiders Place Their Bets

In other news, Director Raymond Kwan bought 56,450 shares of Kelt Exploration stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of C$6.65 per share, with a total value of C$375,392.50. Following the completion of the transaction, the director owned 56,450 shares in the company, valued at approximately C$375,392.50. This trade represents a ∞ increase in their position. Also, insider Louise Lee sold 7,776 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of C$6.03, for a total transaction of C$46,889.28. Following the transaction, the insider directly owned 21,802 shares in the company, valued at approximately C$131,466.06. The trade was a 26.29% decrease in their ownership of the stock. Insiders own 15.87% of the company’s stock.

About Kelt Exploration

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.