Shares of Kelt Exploration Ltd. (OTCMKTS:KELTF – Get Free Report) were up 1.6% on Tuesday . The stock traded as high as $6.2699 and last traded at $6.22. 8,907 shares were traded during mid-day trading, a decline of 85% from the average session volume of 58,469 shares. The stock had previously closed at $6.12.
Analyst Ratings Changes
Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Kelt Exploration in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.
Read Our Latest Research Report on Kelt Exploration
Kelt Exploration Stock Up 1.6%
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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