GTE - Gran Tierra Energy Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Gran Tierra Energy Inc. (NYSE American:GTE) traded at a new 52-week high today of $1.46. This new high was reached on below average trading volume as 2.1 million shares traded hands, while the average 30-day volume is approximately 6 million shares.
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.
Over the past year, Gran Tierra Energy Inc. has traded in a range of $0.44 to $1.46 and is now at $1.40, 218% above that low.
Potential upside of 2,398.7% exists for Gran Tierra Energy Inc., based on a current level of $1.40 and analysts' average consensus price target of $34.98.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About IBN (InvestorBrandNetwork)
IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.
For more information on IBN, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer