GTE CEO Guidry bought 100,000 shares for $617,000.00 across 3 days at $6.03–$6.27, stock down 41.4% YTD from $10.35 peak.
Guidry Gary, President and CEO of Gran Tierra Energy, executed 3 separate purchases totaling 100,000 shares for $617,000.00 over September 17–19, 2024, increasing his holdings by 23.5% to 525.7K shares. The blended average purchase price of $6.17 sits near the current price of $6.07, but the stock has declined 41.4% from its 52-week high of $10.35 and 22.3% over the past 30 days. The company is operating near a substantial discount to its peak, despite reporting net income of $36.4M in the latest quarter, though full-year results were unprofitable. The concentration and magnitude of this CEO-level accumulation during an extended downturn invites scrutiny into management's assessment of intrinsic value relative to near-term price action.