Kelt Exploration Ltd T.KEL

Nice Kelt.

[Cheadle12]

Probably some short covering today, up 5%.

[MustangMatt]

I don't get it either.  My number's say the same thing at the end of Q4 Kelt should be just about the same size as at the end of 2019 but without 400 million in debt.  Kelt should be over $5 handle just based on today's valuation !  Why does it trade for 3 bucks ???  Cheers Matthew

[Indicator]

Kelt is a pretty thin trader compared to most peers.  Large players likely struggle to get a position here in the open market. I'm happier not watching my holdings every day for hours on end and Kelt's balance sheet makes for swing trades with a little more confidence. It lagged this run that started Monday so it's nice to see it start to get a little perky today.  Also

[alta0264]

you would think then by those metrics,  it would be hard for a large short to be covered though they seem to be getting it done.