Kelt Exploration Ltd. (OTCMKTS:KELTF – Get Free Report)’s share price shot up 1.6% on Tuesday . The stock traded as high as $6.2699 and last traded at $6.22. 8,907 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 58,469 shares. The stock had previously closed at $6.12.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets reissued an “outperform” rating on shares of Kelt Exploration in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report 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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