The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gran Tierra Energy Inc shares valued at $75,480 were purchased by Ellson Ryan on Sep 30 ’24. At $6.29 per share, Ellson Ryan acquired 12,000 shares. The insider’s holdings grew to 94,666 shares worth approximately $0.64 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Guidry Gary purchased 45,000 shares, netting a total of over 282,150 in proceeds. Following the buying of shares at $6.27 each, the insider now holds 485,672 shares.
Before that, Guidry Gary had added 40,000 shares to its account. In a trade valued at $244,400, the President and CEO bought Gran Tierra Energy Inc shares for $6.11 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $3.56 million.
As published in their initiating research note from Canaccord Genuity on April 18, 2022, Gran Tierra Energy Inc [GTE] has been a Buy. Analysts at CIBC upgraded the stock from ‘”a Sector underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early March. As of August 06, 2020, Peel Hunt has increased its “Hold” rating to a “Buy” for GTE. Earlier on May 18, 2020, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for GTE stock which previously was a “an Outperform”.
Analyzing GTE Stock Performance
During the last five days, there has been a surge of approximately 9.72%. Over the course of the year, Gran Tierra Energy Inc shares have jumped approximately 20.04%. Shares of the company reached a 52-week high of $10.40 on 06/27/24 and a 52-week low of $4.72 on 01/19/24. A 50-day SMA is recorded $6.35, while a 200-day SMA reached $7.63. Nevertheless, trading volume fell to 0.88 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Gran Tierra Energy Inc (GTE)
According to the 24-hour chart, there is a support level at 6.36, which, if violated, would cause prices to drop to 5.95. In the upper region, resistance lies at 6.99. The next price resistance is at 7.21. RSI (Relative Strength Index) is 59.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 3.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
