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Benzinga

Business

Akanksha Bakshi

Why Gran Tiera Energy Shares Are Trading Higher Today

Canaccord GTE TSX Gran Tierra Energy Inc NYSE Ecuador

Gran Tierra Energy Inc (TSX:GTE) (NYSE:GTE) coverage has been initiated by Canaccord analyst Roman Rossi, with a Buy rating and a price target of C$2.70.
According to Rossi, Gran Tierra is a very interesting play in an investor-friendly jurisdiction. The stock could be primed for more growth as the drilling campaign progresses, despite the significant share price increase over the last year.
Gran Tierra has three prospective blocks in Ecuador, stated Rossi.
Price Action: GTE shares are trading higher by 6.51% at C$2.29 on TSX and higher by 5.23% at $1.81 on NYSE on the last check Monday.

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