Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) Director David P. 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 $5.15, for a total transaction of $24,709.70. Following the sale, the director now directly owns 67,500 shares of the company's stock, valued at $347,625. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Gran Tierra Energy Trading Up 2.8 %
NYSE:GTE opened at $5.06 on Thursday. Gran Tierra Energy Inc. has a one year low of $4.13 and a one year high of $10.40. The business has a fifty day moving average price of $5.47 and a 200-day moving average price of $6.19. The firm has a market capitalization of $181.60 million, a price-to-earnings ratio of 3.54 and a beta of 1.45. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
View Our Latest Research Report on GTE
Institutional Trading of Gran Tierra Energy
Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of Gran Tierra Energy during the 4th quarter valued at about $35,000. Private Trust Co. NA bought a new stake in Gran Tierra Energy during the 4th quarter worth approximately $51,000. Quarry LP purchased a new position in Gran Tierra Energy during the third quarter valued at approximately $52,000. R Squared Ltd purchased a new position in Gran Tierra Energy during the fourth quarter valued at approximately $68,000. Finally, Lazard Asset Management LLC bought a new position in shares of Gran Tierra Energy in the fourth quarter worth approximately $81,000. Institutional investors own 31.70% of the company's stock.
About Gran Tierra Energy
(
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Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.
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