Gran Tierra Energy ( (GTE) ) just unveiled an announcement.
Gran Tierra Energy Inc. announced a normal course issuer bid (NCIB) allowing the company to repurchase up to 3,545,872 shares of its common stock over a one-year period, either for cancellation or to satisfy awards under its 2007 Equity Incentive Plan. The recent transactions under the NCIB, conducted by Eight Capital, resulted in the purchase of 39,754 shares, reflecting the company’s strategy to manage its share capital and potentially enhance shareholder value.
More about Gran Tierra Energy
Gran Tierra Energy Inc. operates in the energy sector, primarily focusing on oil and gas exploration and production. The company is engaged in activities related to the development and extraction of petroleum resources, with a market focus on maximizing shareholder value through strategic initiatives.
YTD Price Performance: -39.31%
Average Trading Volume: 283,194
Technical Sentiment Signal: Buy
Current Market Cap: $164M
Find detailed analytics on GTE stock on TipRanks’ Stock Analysis page.