Gran Tierra Energy ( (GTE) ) has shared an update.
Gran Tierra Energy Inc. announced the continuation of its normal course issuer bid (NCIB) to repurchase up to 3,545,872 shares of its common stock through the Toronto Stock Exchange. The NCIB, which began on November 6, 2024, aims to reduce share capital or fulfill awards under its 2007 Equity Incentive Plan. Recent transactions from March 21 to March 27, 2025, saw the company repurchase 59,505 shares at an average price of $5.05, totaling $300,506.39. These repurchases reflect Gran Tierra’s strategic efforts to manage its capital structure 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 involved in the acquisition, development, and production of oil and natural gas properties, with a market focus on South America.
YTD Price Performance: -32.54%
Average Trading Volume: 311,584
Technical Sentiment Signal: Buy
Current Market Cap: $182.3M
Learn more about GTE stock on TipRanks’ Stock Analysis page.