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Gran Tierra Energy (TSE:GTE) Share Price Passes Below 50-Day Moving Average - Here's Why

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 Monday . The stock has a fifty day moving average of C$6.73 and traded as low as C$6.43. Gran Tierra Energy shares last traded at C$6.50, with a volume of 25,203 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Analysis on GTE

Gran Tierra Energy Stock Down 0.2%

The company has a market cap of C$169.97 million, a P/E ratio of 3.17, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. 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 stock has a fifty day moving average price of C$6.75 and a two-hundred day moving average price of C$7.57.

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.

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