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The latest announcement is out from Kelt Exploration ( (TSE:KEL) ).
Kelt Exploration Ltd. reported a decrease in both quarterly and annual financial results for the year ended December 31, 2024, with a notable decline in net income and comprehensive income by 42% and 47% respectively. Despite the financial downturn, the company increased its capital expenditures by 55% in the fourth quarter, indicating a strategic focus on future growth and asset development.
More about Kelt Exploration
Kelt Exploration Ltd. is a company operating in the oil and gas industry, primarily focused on the exploration and production of petroleum and natural gas. The company is listed on the Toronto Stock Exchange under the symbol ‘KEL’.
YTD Price Performance: -10.51%
Average Trading Volume: 43,419
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $831.6M
Learn more about KEL stock on TipRanks’ Stock Analysis page.