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Kelt Exploration Faces Financial Downturn in 2024

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Kelt Exploration Faces Financial Downturn in 2024

Kelt Exploration (TSE:KEL) has released an update.

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Kelt Exploration Ltd. has reported a decline in financial performance for the first half of 2024, with petroleum and natural gas sales, cash from operating activities, and net income all showing a decrease compared to the previous year. However, the company has increased its capital expenditures significantly and also reported a rise in total assets and shareholders’ equity.

For further insights into TSE:KEL stock, check out TipRanks’ Stock Analysis page.

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