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|COLX Crosses Below Key Moving Average Level
Tuesday, March 26, 11:15 AM ET, by Market News Video Staff
In trading on Tuesday, shares of the Colombia ETF (COLX) crossed below their 200 day ...
GTE Crosses Below Key Moving Average Level
Wednesday, April 17, 11:38 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Gran Tierra Energy Inc (GTE) crossed below their 200 ...
Gran Tierra Energy Inc is Now Oversold (GTE)
Friday, April 19, 11:56 AM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
July Options Now Available For Gran Tierra Energy Inc (GTE)
Monday, May 20, 4:07 PM ET, by Market News Video Staff
Investors in Gran Tierra Energy Inc (GTE) saw new options begin trading today, for the ...
COLX Crosses Critical Technical Indicator
Thursday, June 13, 3:52 PM ET, by Market News Video Staff
In trading on Thursday, shares of the Colombia ETF (COLX) entered into oversold territory, changing ...
Gran Tierra Energy Inc A 19.5% Better Bargain Than When Macey Bought
By Energy Stock Channel Staff, Tuesday, November 22, 3:37 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 31, Gran Tierra Energy Inc's Director, Gerald Joseph Macey, invested $141,748.15 into 20,000 shares of GTE, for a cost per share of $7.09. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of Gran Tierra Energy Inc (AMEX:GTE) and achieve a cost basis 19.5% cheaper than Macey, with shares changing hands as low as $5.70 per share. Gran Tierra Energy Inc shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of GTE shares, versus its 200 day moving average:
Looking at the chart above, GTE's low point in its 52 week range is $4.20 per share, with $9.64 as the 52 week high point — that compares with a last trade of $5.73. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||Gerald Joseph Macey
According to the ETF Finder at ETF Channel, GTE makes up 4.88% of the Colombia ETF (AMEX:COLX) which is trading lower by about 2.6% on the day Tuesday.
See what other ETFs contain GTE »
See what other stocks are held by COLX »
GTE operates in the Oil & Gas Exploration & Production sector.
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