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

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's stock price passed 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 changing hands.

Wall Street Analyst Weigh In

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

Gran Tierra Energy Trading Up 0.1%

The firm has a fifty day simple moving average of C$6.77 and a two-hundred day simple moving average of C$7.53. The stock has a market cap of C$172.53 million, a PE ratio of 3.22, 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

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.