Gran Tierra Energy (GTE) has released an update.
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Gran Tierra Energy has initiated a normal course issuer bid to repurchase up to 3.5 million shares, aiming to reduce its share capital or fulfill its equity incentive plan. From November 15 to 21, the company acquired nearly 100,000 shares at an average price of $6.20, totaling over $618,000. These transactions were facilitated by Eight Capital and are part of Gran Tierra’s strategic financial management.
For further insights into GTE stock, check out TipRanks’ Stock Analysis page.