Gran Tierra Energy (LON:GTE) Shares Down 6.5% – What’s Next?

Gran Tierra Energy Inc. (LON:GTEGet Free Report)’s share price traded down 6.5% during mid-day trading on Friday . The company traded as low as GBX 528 and last traded at GBX 528. 325 shares traded hands during trading, a decline of 90% from the average session volume of 3,253 shares. The stock had previously closed at GBX 565.

Gran Tierra Energy Stock Performance

The firm has a market cap of £186.38 million, a price-to-earnings ratio of -0.97, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41. The stock’s 50 day simple moving average is GBX 526 and its 200-day simple moving average is GBX 395.13.

Insider Transactions at Gran Tierra Energy

In related news, insider Gary Guidry purchased 761 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of GBX 561 per share, for a total transaction of £4,269.21. Insiders own 48.21% of the company’s stock.

Gran Tierra Energy Company Profile

(Get Free Report)

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.

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