Sintana Energy (CVE:SEI) Shares Down 18.2% - Time to Sell?

Key Points

• Sintana Energy Inc. shares fell by 18.2% to C$0.54 during mid-day trading, significantly higher than its average daily trading volume.
• The company has a market capitalization of C$205.11 million and a PE ratio of -18.00, indicating it is currently unprofitable.
• Insider trading activity was noted, with Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58.

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

Sintana Energy Price Performance

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

Insider Buying and Selling

In other Sintana Energy news, Senior Officer David Lewis Cherry sold 67,500 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of C$0.58, for a total transaction of C$39,420.00. 15.35% of the stock is owned by 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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