Company Shares of Gran Tierra Energy (NYSEMKT:GTE) Drops by -7.01%

Gran Tierra Energy (NYSEMKT:GTE) : During the past 4 weeks, traders have been relatively bearish on Gran Tierra Energy (NYSEMKT:GTE), hence the stock is down -10.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.18% relative to the S&P 500. The 4-week change in the price of the stock is -8.75% and the stock has fallen -7.01% in the past 1 week.

The company shares have rallied 9.77% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $3.49 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $3.12 and the 200 Day Moving Average price is recorded at $2.61.

The stock has recorded a 20-day Moving Average of 9.12% and the 50-Day Moving Average is 3%.


Gran Tierra Energy (NYSEMKT:GTE): stock turned positive on Friday. Though the stock opened at $2.92, the bulls momentum made the stock top out at $2.95 level for the day. The stock recorded a low of $2.8534 and closed the trading day at $2.92, in the green by 1.04%. The total traded volume for the day was 806,720. The stock had closed at $2.89 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Gran Tierra Energy Inc., Guidry Gary, had purchased 71,376 shares in a transaction dated on December 14, 2015. The transaction was executed at $2 per share with total amount equaling $142,752.

Gran Tierra Energy Inc. is an energy Company. Through its subsidiaries, the Company is engaged in oil and gas acquisition, exploration, development and production. The Company owns the rights to oil and gas properties in Colombia, Peru and Brazil. In Colombia, the Company focuses on developing its producing light oil fields, including Costayaco and Moqueta, and on the generation of exploration prospects. In Peru, the Company is engaged in engineering, procurement and construction work in preparation for a long-term production test. It commenced drilling the Bretana Sur 95-3-4-1X well and drilled the Bretana Sur 95-2-1XD water disposal well. In Brazil, on Block REC-T-155, the Company completed the dual completions of the 3-GTE-03-BA and 4-GTE-04-BA development wells in the Tie field and completed single-stage fracture stimulation on the 1-GTE-8DP-BA exploration well.

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