Gran Tierra Energy Inc. (GTE:CA) Rises 6.07% for December 27

Gran Tierra Energy Inc. (GTE:CA) Rises 6.07% for December 27

December 27 was a positive day for Gran Tierra Energy Inc. (GTE:CA) as its stock finished the day having gained 6.07% to hit a price of $2.97 a share. The company reached a market cap of 1.16 billion and has 391.34 million shares outstanding. Gran Tierra Energy Inc. is a component of the the S&P/TSX Composite Index.

713,490 shares changed hands over the course of the day as compared to an average volume of 781,748 over the last 30 days for Gran Tierra Energy Inc..

Gran Tierra Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Peru. The company produces primarily light crude oil, supplemented with medium crude and natural gas. Production averaged 32,100 barrels of oil equivalent per day in 2017, and the company estimates that it holds approximately 137 million boe of proven and probable crude oil and natural gas reserves.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Gary S. Guidry.

Gran Tierra Energy Inc. has hit a high of $5.09 and reached a low of $2.76 over its last year of trading. The stock’s 50-day SMA is now $3.66 and 200-day SMA is $4.09. As for its price valuations, the P/E ratio is at 11.2 and P/B is now 0.81.

Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

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