Gran Tierra Energy Inc (GTE) Insider Purchases C$44,634.00 in Stock

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Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) insider Gmt Capital Corp acquired 12,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were bought at an average price of C$3.46 per share, with a total value of C$44,634.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Wednesday, August 29th, Gmt Capital Corp acquired 12,900 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$3.46 per share, with a total value of C$44,634.00.
  • On Monday, July 23rd, Gmt Capital Corp acquired 12,900 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$3.37 per share, with a total value of C$43,473.00.
  • On Monday, June 25th, Gmt Capital Corp acquired 16,400 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$3.19 per share, with a total value of C$52,316.00.
  • On Wednesday, June 20th, Gmt Capital Corp acquired 20,500 shares of Gran Tierra Energy stock. The shares were bought at an average price of C$3.21 per share, with a total value of C$65,805.00.

GTE stock traded down C$0.07 during midday trading on Thursday, hitting C$4.28. The company’s stock had a trading volume of 99,903 shares, compared to its average volume of 740,449. Gran Tierra Energy Inc has a 12 month low of C$2.45 and a 12 month high of C$4.75.

Several research analysts have weighed in on the company. BMO Capital Markets set a C$5.50 price target on Gran Tierra Energy and gave the stock an “outperform” rating in a research note on Friday, July 20th. CIBC upped their price target on Gran Tierra Energy from C$4.00 to C$5.00 in a research note on Friday, May 18th. Finally, Canaccord Genuity upped their price target on Gran Tierra Energy from C$6.00 to C$7.00 in a research note on Tuesday, July 10th.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

Further Reading: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for Gran Tierra Energy (TSE:GTE)

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