An update from Gran Tierra Energy ( (GTE) ) is now available.
Gran Tierra Energy Inc. has announced a series of transactions under its normal course issuer bid (NCIB), which was approved by the Toronto Stock Exchange in November 2024. The NCIB allows the company to purchase up to 3,545,872 shares for cancellation or to satisfy awards under its 2007 Equity Incentive Plan. From April 25 to May 1, 2025, Gran Tierra acquired 50,000 shares at an average price of $4.51 per share, totaling $225,567.33. These transactions are part of the company’s strategy to manage its share capital effectively and potentially enhance shareholder value.
More about Gran Tierra Energy
Gran Tierra Energy Inc. operates in the energy sector, focusing on oil and gas exploration and production. The company is primarily engaged in the development and extraction of hydrocarbon resources, with a market focus on maximizing shareholder value through strategic asset management and operational efficiency.
YTD Price Performance: -45.55%
Average Trading Volume: 268,866
Technical Sentiment Signal: Buy
Current Market Cap: $156.1M
For a thorough assessment of GTE stock, go to TipRanks’ Stock Analysis page.