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Gran Tierra Energy (TSE:GTE) Share Price Crosses Below 200 Day Moving Average - Here's Why

Gran Tierra Energy logo with Energy background

Shares of Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.01 and traded as low as C$6.38. Gran Tierra Energy shares last traded at C$6.59, with a volume of 12,574 shares changing hands.

Gran Tierra Energy Price Performance

The company has a debt-to-equity ratio of 176.57, a quick ratio of 0.58 and a current ratio of 1.31. The stock has a market capitalization of C$167.66 million, a price-to-earnings ratio of 3.13, a P/E/G ratio of 0.23 and a beta of 1.57. The company has a 50-day moving average of C$6.36 and a 200-day moving average of C$7.95.

Insider Buying and Selling at Gran Tierra Energy

In related news, Director David Paul Smith sold 4,798 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total transaction of C$35,403.48. 3.32% of the stock is currently owned by corporate insiders.

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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