Gran Tierra Energy (TSE:GTE) Sets New 52-Week Low – Here’s What Happened

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$6.27 and last traded at C$6.25, with a volume of 35240 shares. The stock had previously closed at C$6.68.

Analyst Ratings Changes

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

Gran Tierra Energy Trading Down 8.1 %

The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 176.57. The company’s 50-day moving average is C$9.20 and its 200 day moving average is C$9.20. The company has a market cap of C$157.41 million, a price-to-earnings ratio of 2.94, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57.

About Gran Tierra Energy

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.