Sintana Energy (CVE:SEI) Shares Down 18.2% - Here's What Happened

Key Points

• Sintana Energy Inc. shares fell by 18.2% on Thursday, trading at C$0.54 after a peak of C$0.66.
• Insiders, including Director Robert Bose, sold a total of 543,500 shares worth approximately C$337,872 over the last 90 days.
• The company specializes in petroleum and natural gas exploration, holding licenses in Namibia and Colombia's Magdalena Basin.

Sintana Energy Inc. (CVE:SEI - ) fell 18.2% on Thursday . The stock traded as low as C$0.54 and last traded at C$0.54. 1,682,401 shares traded hands during trading, an increase of 345% from the average session volume of 378,035 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Performance

The business has a 50-day simple moving average of C$0.62 and a 200-day simple moving average of C$0.60. The company has a market cap of C$205.11 million, a price-to-earnings ratio of -18.00 and a beta of -1.08.

Insiders Place Their Bets

In other Sintana Energy news, Director Robert Bose sold 238,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$0.63, for a total transaction of C$149,226.00. Also, insider Charlestown Energy Partners, LLC sold 238,000 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of C$0.63, for a total transaction of C$149,226.00. Insiders sold 543,500 shares of company stock worth $337,872 in the last 90 days. Corporate insiders own 15.35% of the company's stock.

About Sintana Energy

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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