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Kelt Exploration Reports Decline in 2024 Financial Results Amid Increased Capital Expenditure

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Kelt Exploration Reports Decline in 2024 Financial Results Amid Increased Capital Expenditure

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.

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