Gran Tierra Energy (TSE:GTE) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$9.19 and traded as high as C$10.55. Gran Tierra Energy shares last traded at C$10.55, with a volume of 77,549 shares.

Wall Street Analysts Forecast Growth

GTE has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on Gran Tierra Energy from C$10.00 to C$9.50 in a research report on Monday, October 7th. 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 research report on Wednesday, November 27th.

Gran Tierra Energy Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 147.61. The company has a market capitalization of C$334.09 million, a price-to-earnings ratio of 5.07, a PEG ratio of 0.23 and a beta of 1.57. The stock has a fifty day moving average price of C$9.22 and a two-hundred day moving average price of C$10.37.

Insiders Place Their Bets

In other news, Director Ronald William Royal sold 19,967 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total transaction of C$193,080.89. 3.32% of the stock is owned by corporate insiders.

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.