Kelt Exploration Ltd T.KEL

Insider Buying - Sept 2023 -Simply Wall St.

[MyHoneyPot]

The Last 12 Months Of Insider Transactions At Kelt Exploration

The Lead Director, Geraldine Greenall, made the biggest insider sale in the last 12 months. That single transaction was for CA$547k worth of shares at a price of CA$6.90 each. That means that an insider was selling shares at below the current price (CA$7.02). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 45% of Geraldine Greenall's holding.

In the last twelve months insiders purchased 213.79k shares for CA$1.0m. On the other hand they divested 94.27k shares, for CA$613k. In the last twelve months there was more buying than selling by Kelt Exploration insiders.

IMHO

[Seppelt]

Lead Director??? She's been very active in August cashing in all her options before retiring from the board. Lead Director! Lol. I believe that newly appointed directors (men of women) must have skin in the business, that is owning shares purchased in the open market using their own money. But then a new lady is appointed to the board (with close to zero shares), and she is immediately

[PabloLafortune]

3 groups get paid by E&Ps: shareholders, employees and contractors, lenders. While Kelt is generous to their staff, they don't pay any interest to the banks (and arent obligated to hedge either I don't think).  Seems to be a winning formula, we just hit a 52 week high this morning.