Gran Tierra Energy (TSE:GTE) Stock Price Up 8.3% – Here’s What Happened

by · The Cerbat Gem

Gran Tierra Energy Inc. (TSE:GTE – Get Free Report) (NYSEMKT:GTE)’s stock price shot up 8.3% during mid-day trading on Tuesday . The company traded as high as C$5.35 and last traded at C$5.35. 109,725 shares changed hands during trading, an increase of 145% from the average session volume of 44,766 shares. The stock had previously closed at C$4.94.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut their price objective on Gran Tierra Energy from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$10.17.

Check Out Our Latest Stock Report on Gran Tierra Energy

Gran Tierra Energy Stock Performance

The company has a market capitalization of C$192.72 million, a price-to-earnings ratio of -2.80, a P/E/G ratio of 0.23 and a beta of 0.71. The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The firm has a 50-day simple moving average of C$5.70 and a two-hundred day simple moving average of C$6.14.

Gran Tierra Energy Company Profile

(Get Free Report)

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.

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