Kelt Exploration (TSE:KEL) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Kelt Exploration Ltd. has disclosed a decrease in financial performance for the first quarter of 2024, with petroleum and natural gas sales down by 9%, and a significant 38% drop in cash from operating activities. Despite capital expenditures rising by 5%, the company faced a net income decline of 27% compared to the previous year. Overall, the company’s total assets increased by 9% and shareholders’ equity rose by 11%.
For further insights into TSE:KEL stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue