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Gran Tierra Energy ( (GTE) ) has shared an update.
Gran Tierra Energy Inc. announced a normal course issuer bid (NCIB) allowing the company to purchase up to 3,545,872 of its common shares for cancellation or to satisfy awards under its 2007 Equity Incentive Plan. This initiative, running from November 6, 2024, to November 5, 2025, aims to reduce share capital and enhance shareholder value. Recent transactions under the NCIB involved the acquisition of 20,000 shares at an average price of $4.26, reflecting the company’s strategic focus on optimizing its capital structure.
More about Gran Tierra Energy
Gran Tierra Energy Inc. operates in the energy sector, focusing primarily on oil and gas exploration and production. The company is engaged in the acquisition, development, and production of oil and natural gas properties, with a market focus on maximizing shareholder value through strategic initiatives.
YTD Price Performance: -35.38%
Average Trading Volume: 1,443
Technical Sentiment Signal: Sell
Current Market Cap: £120.5M
See more data about GTE stock on TipRanks’ Stock Analysis page.
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