Kelt Exploration ( (TSE:KEL) ) has issued an announcement.
Kelt Exploration Ltd. announced the results of its Annual and Special Meeting of Shareholders, where all proposed matters were approved. Key changes include the retirement of director Michael R. Shea and the election of Ray Kwan to the board, who will serve as chair of the audit committee. The meeting also approved amendments to the restricted share unit plan, a new performance share unit plan, and the appointment of PricewaterhouseCoopers LLP as auditors.
Spark’s Take on TSE:KEL Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEL is a Neutral.
Kelt Exploration’s strong equity position and cash flow generation are offset by recent profitability declines and a high P/E ratio, indicating overvaluation. The bearish technical indicators and high capital expenditures further weigh on the stock’s overall attractiveness.
To see Spark’s full report on TSE:KEL stock, click here.
More about Kelt Exploration
Kelt Exploration Ltd. operates in the energy sector, focusing on exploration and production of oil and gas resources. The company is involved in the development and acquisition of energy assets, primarily targeting the Western Canadian Sedimentary Basin.
YTD Price Performance: -16.49%
Average Trading Volume: 46,605
Technical Sentiment Signal: Buy
Current Market Cap: $834.8M
See more data about KEL stock on TipRanks’ Stock Analysis page.