Gran Tierra Energy Inc’s filing revealed that its Director Royal Ronald unloaded Company’s shares for reported $0.14 million on Dec 02 ’24. In the deal valued at $6.88 per share,19,967 shares were sold. As a result of this transaction, Royal Ronald now holds 0 shares worth roughly $0.0.
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Then, Ellson Ryan bought 12,000 shares, generating $75,480 in total proceeds. Upon buying the shares at $6.29, the Chief Financial Officer now owns 94,666 shares.
Before that, Guidry Gary bought 45,000 shares. Gran Tierra Energy Inc shares valued at $282,150 were divested by the President and CEO at a price of $6.27 per share. As a result of the transaction, Guidry Gary now holds 485,672 shares, worth roughly $3.32 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 5.39% to $6.84. Over the last five days, the stock has gained 0.44%. Gran Tierra Energy Inc shares have risen nearly 21.28% since the year began. Nevertheless, the stocks have risen 17.93% 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 $6.42, while 200 days put it at $7.68.
Levels Of Support And Resistance For GTE Stock
The 24-hour chart illustrates a support level at 6.56, which if violated will result in even more drops to 6.29. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.33. The Relative Strength Index (RSI) on the 14-day chart is 58.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.39%. Stochastics %K at 62.46% indicates the stock is a holding.
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.
