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Director David P. Smith of Gran Tierra Energy Inc (NYSE:GTE) sold 7,750 shares of common stock on September 26, 2025, at a price of $4.58. The sale comes at a time when the company, currently valued at $162 million, shows a mixed financial picture according to InvestingPro data.
The transaction amounted to a total of $35495. Following the sale, Smith directly owns 59,750 shares of Gran Tierra Energy.
The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Gran Tierra Energy reported its Q2 2025 earnings, highlighting a record production level of 47,200 barrels of oil equivalent per day. This marks a 1% increase from the previous quarter and a significant 44% rise compared to the same period last year. Despite this production growth, the company experienced a net loss of $13 million, which is an improvement from the $19 million loss recorded in the prior quarter. However, sales decreased to $152 million, representing an 8% decline from the same period last year. In addition to its financial results, Gran Tierra Energy has appointed Brad Virbitsky to its Board of Directors as an independent director, effective September 30, 2025. Virbitsky, a portfolio manager and partner at Equinox Partners LLC, brings extensive experience in advising management teams and boards on corporate and financial strategies. These developments reflect Gran Tierra Energy’s ongoing efforts to navigate the challenges within the energy sector.
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