Gran Tierra Energy (TSE:GTE) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.02 and traded as high as C$9.56. Gran Tierra Energy shares last traded at C$9.56, with a volume of 11,433 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GTE shares. Canaccord Genuity Group set a C$12.00 target price on Gran Tierra Energy and gave the company a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada lowered their price objective on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a research report on Monday, October 7th.

Gran Tierra Energy Trading Up 5.5 %

The company has a debt-to-equity ratio of 147.61, a quick ratio of 0.58 and a current ratio of 0.75. The firm has a market cap of C$309.26 million, a price-to-earnings ratio of 4.69, a PEG ratio of 0.23 and a beta of 1.57. The business has a fifty day simple moving average of C$9.04 and a 200-day simple moving average of C$10.48.

Insider Buying and Selling

In other Gran Tierra Energy news, Director Ronald William Royal sold 19,967 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$9.67, for a total value of C$193,080.89. 3.32% of the stock is owned by corporate insiders.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas.