Gran Tierra Energy (TSE:GTE) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Gran Tierra Energy Inc. (TSE:GTE) (NYSEMKT:GTE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.08 and traded as low as C$8.32. Gran Tierra Energy shares last traded at C$8.60, with a volume of 10,980 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of Gran Tierra Energy from C$10.00 to C$9.50 in a research note on Monday, October 7th.

Gran Tierra Energy Stock Down 2.7 %

The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 147.61. The company has a market capitalization of C$262.98 million, a PE ratio of 4.08, a PEG ratio of 0.23 and a beta of 1.57. The business has a fifty day moving average of C$8.69 and a 200 day moving average of C$11.08.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.