Gran Tierra Energy (TSE:GTE) Sets New 12-Month Low – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$6.74 and last traded at C$6.99, with a volume of 102674 shares. The stock had previously closed at C$8.05.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$12.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research note on Wednesday, November 27th.

Gran Tierra Energy Stock Down 12.4 %

The firm has a market cap of C$180.74 million, a PE ratio of 3.38, a P/E/G 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 business has a fifty day moving average price of C$9.46 and a two-hundred day moving average price of C$9.34.

Insider Activity

In other Gran Tierra Energy news, Director Ronald William Royal sold 19,967 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total transaction of C$193,080.89. Insiders own 3.32% of the company’s stock.

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.