Kelt Exploration Ltd. (OTCMKTS:KELTF – Get Free Report)’s share price was up 3.4% on Thursday . The stock traded as high as $7.74 and last traded at $7.27. 9,267 shares were traded during mid-day trading, a decline of 84% from the average session volume of 56,733 shares. The stock had previously closed at $7.03.
Wall Street Analyst Weigh In
KELTF has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kelt Exploration in a research note on Friday, July 10th. TD Securities reaffirmed a “buy” rating on shares of Kelt Exploration in a research note on Friday, August 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kelt Exploration in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Analysis on KELTF
Kelt Exploration Stock Up 3.4%
About Kelt Exploration
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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