Gran Tierra Energy (LON:GTE) Stock Jumps 0.5% – Here’s Why

Gran Tierra Energy Inc. (LON:GTE) shares rose 0.5% during trading on Monday. The stock traded as high as GBX 758.50 and last traded at GBX 758.50. 1,010 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 2,553 shares. The stock had previously closed at GBX 755.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 1,119 target price on shares of Gran Tierra Energy in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Gran Tierra Energy has a consensus rating of “Buy” and a consensus price target of GBX 1,119.

Gran Tierra Energy Price Performance

The company has a market capitalization of £274.19 million, a P/E ratio of -1.07, a price-to-earnings-growth ratio of 0.23 and a beta of 0.16. The firm’s 50-day moving average is GBX 713.87 and its 200-day moving average is GBX 607.98.

Insider Activity

In other Gran Tierra Energy news, insider Gary Guidry acquired 394 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was purchased at an average price of GBX 1,059 per share, with a total value of £4,172.46. 47.74% of the stock is currently owned by insiders.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.