Gran Tierra Energy (GTE) has released an update.
Gran Tierra Energy Inc. has actively been purchasing its own shares through a normal course issuer bid, acquiring a total of 68,412 shares between June 21 and June 27, 2024, at an average price of CAD 13.84, as part of a strategy to reduce share capital or satisfy equity incentive plans. These transactions follow the company’s regulatory approval to buy back up to 3,234,914 shares, with the buyback program set to conclude by November 2, 2024. After the latest transactions, the total outstanding shares of Gran Tierra stand at 31,036,652.
For further insights into GTE stock, check out TipRanks’ Stock Analysis page.
