Gran Tierra Energy (TSE:GTE) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.73 and traded as low as C$7.10. Gran Tierra Energy shares last traded at C$7.19, with a volume of 36,409 shares trading hands.

Wall Street Analyst Weigh In

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

Gran Tierra Energy Trading Up 2.1 %

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 business has a 50 day moving average of C$7.84 and a 200-day moving average of C$8.73. The stock has a market cap of C$184.32 million, a PE ratio of 3.44, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57.

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.