Shares of Gran Tierra Energy Inc. (NYSE American:GTE) traded today at $1.40, eclipsing its 52-week high. So far today approximately 3.2 million shares have been exchanged, as compared to an average 30-day volume of 5.6 million shares.
In the past 52 weeks, shares of Gran Tierra Energy Inc. have traded between a low of $0.44 and a high of $1.40 and is now at $1.36, which is 209% above that low price.
Gran Tierra Energy Inc. has overhead space with shares priced $1.36, or 95.7% below the average consensus analyst price target of $31.80.
Gran Tierra Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins which have access to established infrastructure. GTE produces primarily light crude oil, supplemented with medium crude and natural gas. Production averaged approx. 29,500 barrels of oil eq. per day in Q4 of 2021, and the company has independently audited 1P reserves of 81M boe and 2P reserves of 125M boe.
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