Gran Tierra Energy (TSE:GTE) Reaches New 12-Month Low – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$6.74 and last traded at C$6.99, with a volume of 102674 shares. The stock had previously closed at C$8.05.

Analyst Upgrades and Downgrades

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

Gran Tierra Energy Stock Performance

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 firm has a market cap of C$180.74 million, a PE ratio of 3.38, a P/E/G ratio of 0.23 and a beta of 1.57. The stock’s 50 day moving average price is C$9.46 and its 200 day moving average price is C$9.34.

Insider Activity

In other Gran Tierra Energy news, Director Ronald William Royal sold 19,967 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total value of C$193,080.89. Insiders own 3.32% of the company’s stock.

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.