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Gran Tierra Energy (TSE:GTE) Shares Cross 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 shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 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.

Analysts Set New Price Targets

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 Stock Analysis on GTE

Gran Tierra Energy Trading Down 2.2%

The business has a fifty day moving average price of C$6.80 and a two-hundred day moving average price of C$7.46. The firm has a market capitalization of C$161.51 million, a PE ratio of 3.02, a PEG ratio of 0.23 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 0.58 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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