Gran Tierra Energy (GTE) Shares are Up 6.27%

Gran Tierra Energy (GTE) has been under a strong bear grip, hence the stock is down -4.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.22% in the past 1 week. The stock has risen by 6.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.68% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.75% and the 50-Day Moving Average is 4.4%. Gran Tierra Energy (NYSEMKT:GTE): stock turned positive on Friday. Though the stock opened at $2.89, the bulls momentum made the stock top out at $2.98 level for the day. The stock recorded a low of $2.855 and closed the trading day at $2.88, in the green by 0.35%. The total traded volume for the day was 678,818. The stock had closed at $2.87 in the previous days trading.


The company Insiders own 3.27% of Gran Tierra Energy shares according to the proxy statements. Institutional Investors own 65.78% of Gran Tierra Energy shares.

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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