Gran Tierra Energy (TSE:GTE) Stock Passes Above 50-Day Moving Average of $1.66

Gran Tierra Energy Inc. (TSE:GTEGet Rating) (NYSEMKT:GTE)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.66 and traded as high as C$1.87. Gran Tierra Energy shares last traded at C$1.78, with a volume of 611,854 shares.

Gran Tierra Energy Price Performance

The company’s 50-day moving average is C$1.67 and its 200-day moving average is C$1.86. The company has a debt-to-equity ratio of 161.08, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a market capitalization of C$582.82 million and a price-to-earnings ratio of 3.12.

Gran Tierra Energy (TSE:GTEGet Rating) (NYSEMKT:GTE) last released its earnings results on Monday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$262.66 million during the quarter. On average, research analysts expect that Gran Tierra Energy Inc. will post 0.25 earnings per share for the current year.

About Gran Tierra Energy

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Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

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