Gran Tierra Energy Inc’s recent filing unveils that its Chief Financial Officer Ellson Ryan acquired Company’s shares for reported $75480.0 on Sep 30 ’24. In the deal valued at $6.29 per share,12,000 shares were bought. As a result of this transaction, Ellson Ryan now holds 94,666 shares worth roughly $0.64 million.
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Then, Guidry Gary bought 45,000 shares, generating $282,150 in total proceeds. Upon buying the shares at $6.27, the President and CEO now owns 485,672 shares.
Before that, Guidry Gary bought 40,000 shares. Gran Tierra Energy Inc shares valued at $244,400 were divested by the President and CEO at a price of $6.11 per share. As a result of the transaction, Guidry Gary now holds 525,672 shares, worth roughly $3.58 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 fall -1.02% to $6.81. Over the last five days, the stock has gained 6.91%. Gran Tierra Energy Inc shares have risen nearly 20.74% since the year began. Nevertheless, the stocks have risen 7.41% over the past one year. While a 52-week high of $10.40 was reached on 06/27/24, a 52-week low of $4.72 was recorded on 01/19/24. SMA at 50 days reached $6.37, while 200 days put it at $7.64.
Levels Of Support And Resistance For GTE Stock
The 24-hour chart illustrates a support level at 6.66, which if violated will result in even more drops to 6.52. On the upside, there is a resistance level at 7.00. A further resistance level may holdings at 7.20. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.82%. Stochastics %K at 88.61% indicates the stock is a selling.
How much short interest is there in Gran Tierra Energy Inc?
A steep rise in short interest was recorded in Gran Tierra Energy Inc stocks on 2024-11-15, dropping by -0.15 million shares to a total of 1.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.33 million shares. There was a decline of -12.87%, which implies that there is a negative sentiment for the stock.
