Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Gran Tierra Energy ( (GTE) ) has provided an announcement.
Gran Tierra Energy Inc. announced the commencement of a normal course issuer bid (NCIB) to repurchase up to 3,545,872 of its common shares through the Toronto Stock Exchange over a one-year period. The goal of this initiative is to reduce share capital or satisfy awards under the company’s 2007 Equity Incentive Plan. Recent transactions under the NCIB were conducted between December 20 and December 26, 2024, resulting in the repurchase of 40,000 shares at an average price of $6.82, totaling $272,652.99. This move is expected to potentially enhance shareholder value and optimize the company’s capital structure.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is a company operating in the energy sector, focusing on oil and gas exploration and production. The company is primarily involved in the acquisition, exploration, and development of oil and natural gas properties in South America, particularly Colombia and Ecuador.
YTD Price Performance: 27.48%
Average Trading Volume: 331,077
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $262.1M
See more data about GTE stock on TipRanks’ Stock Analysis page.
