Gran Tierra Energy Inc. (TSE:GTE – Get Rating) (NYSEMKT:GTE)’s stock price dropped 4.4% during mid-day trading on Monday . The stock traded as low as C$1.68 and last traded at C$1.74. Approximately 711,557 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 1,998,012 shares. The stock had previously closed at C$1.82.
GTE has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Gran Tierra Energy from C$1.65 to C$1.75 and gave the company a “sector perform” rating in a research report on Wednesday, February 23rd. BMO Capital Markets upped their price objective on Gran Tierra Energy from C$1.25 to C$1.75 in a research report on Wednesday, February 23rd.
The company has a debt-to-equity ratio of 198.34, a current ratio of 0.59 and a quick ratio of 0.50. The company has a 50-day moving average price of C$2.12 and a 200-day moving average price of C$1.67. The firm has a market capitalization of C$641.12 million and a PE ratio of 5.48.
About Gran Tierra Energy (TSE:GTE)
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.
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