Home / Market Movers / Gran Tierra Energy Inc. (GTE:CA) Pacing TSX Composite Energy Stocks with Gain of 1.09% at Noon on September 22

Gran Tierra Energy Inc. (GTE:CA) Pacing TSX Composite Energy Stocks with Gain of 1.09% at Noon on September 22

Gran Tierra Energy Inc. (GTE:CA) is one of the better performing stocks in energy sector of the S&P/TSX Composite Index on September 22, rising 1.09% to $3.72 at the lunch break after closing the day prior at $3.68. So far in the day, shares of GTE:CA traded as high as $3.74 and as low as $3.68. Today’s advance comes with about 183,016 shares changing hands, compared to an average 30-day volume of 903,376 for Gran Tierra Energy Inc.. The price is currently below the 30-day volume weighted average price of $3.72 for GTE:CA.

The share appreciation gives the company a market capitalization of $1.06 billion based upon 289.32 million shares outstanding. It also means that Gran Tierra Ener has a price-to-book ratio of 0.87:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of GTE:CA have traded as low as $2.56 and as high as $4.44. Technical traders will take note that at $3.72, shares of GTE:CA are trading above their 200-day MA at $3.5 and below their 50-day MA at $3.73. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Gran Tierra Ener?

Gran Tierra Energy Inc together with its subsidiaries is an international energy company engaged in oil and gas acquisition, exploration, development and production. The Company owns oil and gas properties in Colombia, Peru and Brazil. The company’s 301 employees are led by CEO Gary S. Guidry from the corporate headquarters at 200, 150 13 Avenue South West.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

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