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Gran Tierra Energy Advances Share Buyback Plan
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Gran Tierra Energy Advances Share Buyback Plan

Gran Tierra Energy (GTE) has released an update.

Gran Tierra Energy Inc. has actively engaged in a share repurchase program, buying back shares as part of its normal course issuer bid, which is slated to continue until November 2024 or until the 10% share maximum is reached. From July 5 to July 11, 2024, the company purchased a total of 70,406 shares at an average price of CAD 13.47, amounting to a gross expenditure of CAD 948,367.28. These transactions are part of a strategic effort to reduce share capital and meet obligations under the company’s 2007 Equity Incentive Plan.

For further insights into GTE stock, check out TipRanks’ Stock Analysis page.

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