Sintana Energy (CVE:SEI) Shares Down 12.9% - Here's What Happened

Key Points

• Sintana Energy Inc. shares dropped 12.9% to last trade at C$0.58, with trading volume significantly increasing by 228% compared to its average session.
• Insider selling included Director Robert Bose and Charlestown Energy Partners, LLC, who each sold 238,000 shares at an average price of C$0.63, totaling approximately C$149,226.
• The company operates in petroleum and natural gas exploration, holding licenses in Namibia and Colombia's Magdalena Basin.

Sintana Energy Inc. (CVE:SEI - ) shares fell 12.9% during trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.58. 1,233,895 shares were traded during trading, an increase of 228% from the average session volume of 376,392 shares. The stock had previously closed at C$0.66.

Sintana Energy Price Performance

The stock has a market cap of C$205.11 million, a P/E ratio of -18.00 and a beta of -1.08. The company has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.60.

Insider Activity at Sintana Energy

In related news, Director Robert Bose sold 238,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$0.63, for a total value of C$149,226.00. Also, insider Charlestown Energy Partners, LLC sold 238,000 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of C$0.63, for a total transaction of C$149,226.00. In the last three months, insiders have sold 543,500 shares of company stock valued at $337,872. 15.35% of the stock is owned by corporate insiders.

Sintana Energy Company Profile

Sintana Energy Inc engages in petroleum and natural gas exploration and development activities. It holds five onshore and offshore petroleum exploration licenses in Namibia, as well as in Colombia's Magdalena Basin. The company is based in Toronto, Canada.

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