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

Shares of Gran Tierra Energy Inc. (TSE:GTE - Get Free Report) NYSEMKT: GTE reached a new 52-week low on Monday . The stock traded as low as C$6.27 and last traded at C$6.25, with a volume of 35240 shares. The stock had previously closed at C$6.68.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a C$12.00 target price on shares of Gran Tierra Energy and gave the company a "buy" rating in a research report on Wednesday, November 27th.

Gran Tierra Energy Price Performance

The stock has a market capitalization of C$169.71 million, a price-to-earnings ratio of 3.17, a P/E/G ratio of 0.23 and a beta of 1.57. The business has a 50-day simple moving average of C$8.92 and a two-hundred day simple moving average of C$9.06. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57.

Gran Tierra Energy Company Profile

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.