Gran Tierra Energy Inc’s recently made public that its President and CEO Guidry Gary unloaded Company’s shares for reported $0.36 million on Dec 27 ’24. In the deal valued at $6.99 per share,52,000 shares were sold. As a result of this transaction, Guidry Gary now holds 476,381 shares worth roughly $2.36 million.
Then, Royal Ronald sold 19,967 shares, generating $137,373 in total proceeds. Upon selling the shares at $6.88, the Director now owns 0 shares.
Before that, Ellson Ryan bought 12,000 shares. Gran Tierra Energy Inc shares valued at $75,480 were divested by the Chief Financial Officer at a price of $6.29 per share. As a result of the transaction, Ellson Ryan now holds 94,666 shares, worth roughly $0.47 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 Friday, Gran Tierra Energy Inc [AMEX:GTE] saw its stock fall -12.52% to $4.96. Over the last five days, the stock has lost -13.29%. Gran Tierra Energy Inc shares have fallen nearly -31.40% since the year began. Nevertheless, the stocks have fallen -10.14% over the past one year. While a 52-week high of $10.40 was reached on 01/13/25, a 52-week low of $5.23 was recorded on 02/24/25. SMA at 50 days reached $6.53, while 200 days put it at $7.51.
Levels Of Support And Resistance For GTE Stock
The 24-hour chart illustrates a support level at 4.59, which if violated will result in even more drops to 4.22. On the upside, there is a resistance level at 5.45. A further resistance level may holdings at 5.95. The Relative Strength Index (RSI) on the 14-day chart is 27.20, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.69%. Stochastics %K at 47.46% indicates the stock is a holding.
