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Gran Tierra Energy (TSE:GTE) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Gran Tierra Energy logo with Energy background

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.77 and traded as low as C$6.63. Gran Tierra Energy shares last traded at C$6.72, with a volume of 30,098 shares changing hands.

Analysts Set New Price Targets

Separately, Raymond James Financial set a C$10.00 target price on Gran Tierra Energy and gave the company a "market perform" rating in a research note on Friday, June 20th.

Check Out Our Latest Stock Analysis on Gran Tierra Energy

Gran Tierra Energy Stock Performance

The firm has a fifty day moving average of C$6.79 and a 200-day moving average of C$7.50. The firm has a market cap of C$165.10 million, a P/E ratio of 3.08, a PEG ratio of 0.23 and a beta of 1.57. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57.

About Gran Tierra Energy

(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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Should You Invest $1,000 in Gran Tierra Energy Right Now?

Before you consider Gran Tierra Energy, you'll want to hear this.

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