Gran Tierra Energy: Q1 Earnings Snapshot
May 5, 2021
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CALGARY, Alberta (AP) Gran Tierra Energy Inc. (GTE) on Tuesday reported a loss of $37.4 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 10 cents per share.
The oil and natural gas company posted revenue of $95.5 million in the period.
The company s shares closed at 67 cents. A year ago, they were trading at 31 cents.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTE at https://www.zacks.com/ap/GTE Top Picks In Shopping
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What happened
Gran Tierra Energy (NYSEMKT:GTE) are up 17.5% as of 11:30 a.m. EDT today. The surge in price comes after the company posted first-quarter results that showed promise for the small-cap stock.
So what
Before you get too excited about that 17% gain, it s worth pointing out that Gran Tierra has a market capitalization of $290 million. Even by small-cap standards, this is a small company that is going to see wild swings in share price regardless of the news. In the past year, the stock has traded from 25% below to 240% above its year-ago share price. A significant news event may not even be necessary to cause a double-digit swing for this company.
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Gran Tierra Energy, Inc.
Gran Tierra Energy Inc. Announces Adjournment of Virtual Annual Meeting of Stockholders until June 2, 2021 and Encourages All Shareholders to Vote
Gran Tierra Energy Inc. Announces Adjournment of Virtual Annual Meeting of Stockholders until June 2, 2021 and Encourages All Shareholders to Vote
CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE)
Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that after convening the Company’s 2021 Annual Meeting of Stockholders (
“the Annual Meeting”) virtually on Wednesday, May 5, 2021 at 1:30 p.m. (Mountain Time), Gran Tierra adjourned the Annual Meeting until Wednesday, June 2, 2021 at 1:30 p.m. (Mountain Time). Due to the COVID-19 pandemic and to mitigate the risks to the health and safety of our community, stockholders and employees, Gran Tierra will be also be holding its rescheduled Annual Meeting in a virtual-only format by way of
Earnings Scheduled For May 4, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.