Gran Tierra Energy (TSE:GTE) Stock Crosses Below 200 Day Moving Average of $1.78

Gran Tierra Energy Inc. (TSE:GTEGet Rating) (NYSEMKT:GTE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.78 and traded as low as C$1.58. Gran Tierra Energy shares last traded at C$1.63, with a volume of 1,035,002 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Gran Tierra Energy from C$2.80 to C$3.00 in a research report on Wednesday, November 2nd.

Gran Tierra Energy Stock Performance

The company has a debt-to-equity ratio of 145.81, a quick ratio of 0.58 and a current ratio of 0.72. The business has a 50-day moving average price of C$1.77 and a 200 day moving average price of C$1.78. The stock has a market capitalization of C$601.31 million and a P/E ratio of 2.59.

Gran Tierra Energy Company Profile

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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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