Kelt Exploration (TSE:KEL) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Kelt Exploration Ltd. has announced a dip in their financial performance for the fourth quarter and full year of 2023, with petroleum and natural gas sales falling by 19% and net income decreasing by 46% compared to the previous year. Despite these challenges, the company has successfully eliminated its bank debt and increased total assets by 12%. The results reflect a tough year for the company amid fluctuating market conditions.
For further insights into TSE:KEL stock, check out TipRanks’ Stock Analysis page.