Gran Tierra Energy Inc. (GTE:CA) Declines 8.5%

Gran Tierra Energy Inc. (GTE:CA) Declines 8.5%

It was a tough day for Gran Tierra Energy Inc. (GTE:CA) as its stock fell 8.5% to finish the day at $1.40 a share on November 06. That reduces the company’s market cap to 533.36 million on 366.98 million outstanding shares. Gran Tierra Energy Inc. is a component of the the S&P/TSX SmallCap Index.

2.17 million shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Gran Tierra Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil and gas properties in Colombia. The company produces primarily light crude oil, supplemented with medium crude and natural gas. Production averaged 36,100 barrels of oil equivalent per day in 2018, and the company estimates that it holds approximately 142 million boe of proven and probable crude oil and natural gas reserves.. Gran Tierra Energy Inc. makes its home in Calgary, AB, and currently has CEO Gary S. Guidry at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $3.97 and a low of $1.31, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 0.39.

Gran Tierra Energy Inc. ($GTE:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

error: Content is protected !!