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Gran Tierra Energy (TSE:GTE) Hits New 1-Year Low - Here's Why

Gran Tierra Energy logo with Energy background

Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE's stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$5.64 and last traded at C$5.67, with a volume of 63421 shares traded. The stock had previously closed at C$6.69.

Gran Tierra Energy Stock Performance

The company has a market cap of C$144.59 million, a price-to-earnings ratio of 2.70, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The firm has a 50-day simple moving average of C$7.23 and a 200 day simple moving average of C$8.59. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57.

Insider Activity at Gran Tierra Energy

In other news, Director David Paul Smith sold 4,798 shares of the firm'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. 3.32% of the stock is currently owned by insiders.

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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