Kelt Exploration Ltd. (OTCMKTS:KELTF – Get Free Report)’s share price fell 0.9% during mid-day trading on Tuesday . The company traded as low as $6.76 and last traded at $6.94. 32,685 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 57,900 shares. The stock had previously closed at $7.00.
Analyst Ratings Changes
Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Kelt Exploration in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.
Get Our Latest Stock Analysis on KELTF
Kelt Exploration Stock Performance
Kelt Exploration Company Profile
Kelt Exploration Ltd. is a Calgary-based oil and gas company engaged in the exploration, development and production of petroleum and natural gas reserves in Western Canada. Using horizontal drilling and multi-stage fracturing techniques, the company targets light oil and natural gas liquids in unconventional resource plays. Kelt’s business model emphasizes cost efficiency and disciplined capital allocation to maximize value from its asset base.
The company’s core holdings are concentrated in the Montney and Deep Basin resource plays of West Central and Northern Alberta.
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