In a filing, Gran Tierra Energy Inc revealed its Director Royal Ronald unloaded Company’s shares for reported $35530.0 on Nov 07 ’23. In the deal valued at $6.46 per share,5,500 shares were sold. As a result of this transaction, Royal Ronald now holds 19,967 shares worth roughly $0.18 million.
Canaccord Genuity initiated its Gran Tierra Energy Inc [GTE] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including CIBC’s analysts, who increased its forecast for the stock in early March from “a Sector underperform” to “a Neutral”. Peel Hunt also remained covering GTE and has increased its forecast on August 06, 2020 with a “Buy” recommendation from previously “Hold” rating. RBC Capital Mkts revised its rating on May 18, 2020. It rated GTE as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of GTE
On Monday, Gran Tierra Energy Inc [AMEX:GTE] saw its stock jump 7.41% to $8.99. Over the last five days, the stock has gained 12.09%. Gran Tierra Energy Inc shares have risen nearly 59.40% since the year began. Nevertheless, the stocks have risen 18.12% over the past one year. While a 52-week high of $8.46 was reached on 04/29/24, a 52-week low of $4.62 was recorded on 01/19/24. SMA at 50 days reached $6.87, while 200 days put it at $6.31. A total of 0.78 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For GTE Stock
The 24-hour chart illustrates a support level at 8.57, which if violated will result in even more drops to 8.16. On the upside, there is a resistance level at 9.22. A further resistance level may holdings at 9.45. The Relative Strength Index (RSI) on the 14-day chart is 79.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.40%. Stochastics %K at 89.97% indicates the stock is a selling.
