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Gran Tierra Energy (TSE:GTE) Shares Pass Below 200 Day Moving Average - Should You Sell?

Gran Tierra Energy logo with Energy background

Shares of Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.18 and traded as low as C$5.51. Gran Tierra Energy shares last traded at C$5.73, with a volume of 14,444 shares traded.

Gran Tierra Energy Stock Performance

The stock has a market cap of C$163.05 million, a price-to-earnings ratio of 3.04, a P/E/G ratio of 0.23 and a beta of 1.57. The firm's 50-day moving average is C$6.41 and its two-hundred day moving average is C$8.15. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57.

Insider Activity

In related news, Director David Paul Smith sold 4,798 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total transaction of C$35,403.48. Company insiders own 3.32% of the company's stock.

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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