Kiwetinohk Energy (TSE:KEC) Trading Up 0.1% – What’s Next?

Kiwetinohk Energy Corp. (TSE:KEC)’s share price rose 0.1% during trading on Friday . The company traded as high as C$24.79 and last traded at C$24.73. Approximately 359,668 shares were traded during mid-day trading, an increase of 1,427% from the average daily volume of 23,556 shares. The stock had previously closed at C$24.70.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets cut Kiwetinohk Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.50.

Kiwetinohk Energy Price Performance

The company has a market capitalization of C$1.10 billion, a PE ratio of 9.59 and a beta of 0.43. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 33.50. The company’s 50 day moving average is C$24.73 and its two-hundred day moving average is C$24.10.

About Kiwetinohk Energy

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture and hydrogen clean energy projects.