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Gran Tierra Energy (TSE:GTE) Shares Pass 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 passed 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.

Gran Tierra Energy Price Performance

The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. The company's fifty day moving average is C$6.41 and its two-hundred day moving average is C$8.15. 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.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, Director David Paul Smith sold 4,798 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$7.38, for a total value 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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