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

Key Points

• Sintana Energy Inc. shares fell by 18.2% to C$0.54 during mid-day trading, significantly increasing trading volume to 2,226,878 shares.
• The company has a market capitalization of C$205.11 million and a PE ratio of -18.00, indicating a negative profitability outlook.
• Insider activity included the sale of 67,500 shares by Senior Officer David Lewis Cherry, totaling C$39,420, with insiders owning 15.35% of the company's stock.

Sintana Energy Inc. (CVE:SEI - )'s share price traded down 18.2% during trading on Friday . The company traded as low as C$0.54 and last traded at C$0.54. 2,226,878 shares traded hands during mid-day trading, an increase of 484% from the average session volume of 381,494 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Performance

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

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 67,500 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of C$0.58, for a total value of C$39,420.00. 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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