Gran Tierra Energy (TSE:GTE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.84 and traded as low as C$7.28. Gran Tierra Energy shares last traded at C$7.40, with a volume of 16,178 shares.

Wall Street Analysts Forecast Growth

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

Gran Tierra Energy Stock Down 2.0 %

The firm has a market cap of C$188.94 million, a price-to-earnings ratio of 3.53, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 176.57. The stock has a 50-day moving average of C$8.24 and a 200-day moving average of C$8.81.

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.