Gran Tierra Energy (TSE:GTE) Shares Pass Below 200 Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Gran Tierra Energy Stock Up 0.8 %

The stock’s fifty day moving average is C$8.31 and its two-hundred day moving average is C$8.84. 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 company has a market capitalization of C$189.71 million, a PE ratio of 3.54, a P/E/G ratio of 0.23 and a beta of 1.57.

About Gran Tierra Energy

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.