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Gran Tierra Energy (TSE:GTE) Share Price Passes Below 200-Day Moving Average - What's Next?

Gran Tierra Energy logo with Energy background

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.10 and traded as low as C$6.62. Gran Tierra Energy shares last traded at C$6.76, with a volume of 22,896 shares trading hands.

Gran Tierra Energy Stock Up 1.3%

The stock has a market capitalization of C$175.61 million, a price-to-earnings ratio of 3.28, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The firm has a 50-day moving average of C$6.45 and a 200 day moving average of C$8.08. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57.

Insider Transactions at Gran Tierra Energy

In related news, Director David Paul Smith sold 4,798 shares of Gran Tierra Energy stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total value of C$35,403.48. Corporate insiders own 3.32% of the company's stock.

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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