Gran Tierra Energy (TSE:GTE) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.08 and traded as low as C$8.32. Gran Tierra Energy shares last traded at C$8.60, with a volume of 10,980 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their target price on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a report on Monday, October 7th.

Gran Tierra Energy Stock Down 2.7 %

The company has a market capitalization of C$262.98 million, a PE ratio of 4.08, a P/E/G ratio of 0.23 and a beta of 1.57. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 147.61. The firm has a 50 day simple moving average of C$8.69 and a two-hundred day simple moving average of C$11.08.

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.