Gran Tierra Energy (TSE:GTE) Shares Pass Below 200 Day Moving Average – What’s Next?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.08 and traded as low as C$8.32. Gran Tierra Energy shares last traded at C$8.60, with a volume of 10,980 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on Gran Tierra Energy from C$10.00 to C$9.50 in a research report on Monday, October 7th.

Gran Tierra Energy Stock Up 1.1 %

The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 147.61. The stock has a 50-day moving average of C$8.69 and a 200 day moving average of C$11.08. The company has a market capitalization of C$263.59 million, a PE ratio of 4.00, a P/E/G ratio of 0.23 and a beta of 1.57.

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 and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.