Gran Tierra Energy (LON:GTE) Hits New 52-Week High After Insider Buying Activity

Gran Tierra Energy Inc. (LON:GTE) shares reached a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 482.50 and last traded at GBX 442.60, with a volume of 7220 shares trading hands. The stock had previously closed at GBX 448.80.

Specifically, insider Gary Guidry purchased 761 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of GBX 561 per share, for a total transaction of £4,269.21.

Gran Tierra Energy Stock Performance

The stock’s 50 day moving average is GBX 351.35 and its two-hundred day moving average is GBX 322.55. The stock has a market capitalization of £156.22 million, a PE ratio of -1.72, a price-to-earnings-growth ratio of 0.23 and a beta of 1.58.

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.