Gran Tierra Energy Inc. (TSE:GTE) Director Sells C$193,080.89 in Stock

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) Director Ronald William Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$9.67, for a total transaction of C$193,080.89.

Gran Tierra Energy Stock Performance

Shares of TSE:GTE opened at C$9.21 on Friday. The firm’s 50 day simple moving average is C$8.87 and its 200 day simple moving average is C$10.71. Gran Tierra Energy Inc. has a fifty-two week low of C$6.36 and a fifty-two week high of C$14.23. The company has a market capitalization of C$282.29 million, a price-to-earnings ratio of 4.28, a P/E/G ratio of 0.23 and a beta of 1.57. The company has a debt-to-equity ratio of 147.61, a current ratio of 0.75 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

GTE has been the subject of a number of analyst reports. Canaccord Genuity Group set a C$12.00 target price on shares of Gran Tierra Energy and gave the stock a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada decreased their price objective on Gran Tierra Energy from C$10.00 to C$9.50 in a research note on Monday, October 7th.

Gran Tierra Energy Company Profile

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.