The Vice-President & Chief Financial Officer of Kelt Exploration (Other OTC: KELTF) is Buying Shares

By Carrie Williams

Today, the Vice-President & Chief Financial Officer of Kelt Exploration (KELTFResearch Report), Sadiq H Lalani, bought shares of KELTF for $42.92K.

This recent transaction increases Sadiq H Lalani’s holding in the company by 2% to a total of $1.96 million. In addition to Sadiq H Lalani, one other KELTF executive reported Buy trades in the last month.

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The company has a one-year high of $3.75 and a one-year low of $0.54.

Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $2.10, reflecting a -46.2% downside. Starting in July 2020, KELTF received 19 Buy ratings in a row. Nine different firms, including Canaccord Genuity and National Bank, currently also have a Buy rating on the stock.

The insider sentiment on Kelt Exploration has been positive according to 44 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Kelt Exploration Ltd. is an oil and gas company, which engages in the exploration, development, and production of crude oil and natural gas resources. It operates in the area of Grande Prairie in northwestern Alberta and Fort St. John in northeastern British Columbia. The company was founded on October 11, 2012 and is headquartered in Calgary, Canada.