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Gran Tierra Energy (TSE:GTE) Shares Pass Below 50-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 share price passed 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 trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Gran Tierra Energy

Gran Tierra Energy Trading Down 2.2%

The firm has a fifty day simple moving average of C$6.79 and a two-hundred day simple moving average of C$7.50. The company has a debt-to-equity ratio of 176.57, a current ratio of 1.31 and a quick ratio of 0.58. The firm has a market capitalization of C$161.51 million, a P/E ratio of 3.02, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57.

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.

Further Reading

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