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 transaction, the director now owns 67,500 shares in the company, valued at $347,625. This represents a 6.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Gran Tierra Energy Stock Performance
GTE stock traded down $0.08 during trading on Friday, reaching $5.00. The stock had a trading volume of 131,701 shares, compared to its average volume of 317,550. The firm has a market cap of $179.45 million, a PE ratio of 3.50 and a beta of 1.45. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock's 50 day moving average is $5.37 and its two-hundred day moving average is $6.18. Gran Tierra Energy Inc. has a 52 week low of $4.13 and a 52 week high of $10.40.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Stock Analysis on Gran Tierra Energy
Hedge Funds Weigh In On Gran Tierra Energy
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Gran Tierra Energy in the fourth quarter worth about $35,000. Private Trust Co. NA purchased a new position in Gran Tierra Energy during the fourth quarter valued at approximately $51,000. Quarry LP bought a new position in shares of Gran Tierra Energy in the third quarter worth approximately $52,000. R Squared Ltd purchased a new stake in shares of Gran Tierra Energy in the fourth quarter worth $68,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy in the fourth quarter worth $81,000. 31.70% of the stock is currently owned by hedge funds and other institutional investors.
About Gran Tierra Energy
(
Get Free Report)
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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