Sintana Energy (CVE:SEI) Shares Down 18.2% - What's Next?

Key Points

• Sintana Energy shares dropped by 18.2%, closing at C$0.54 after hitting a record low during trading.
• Trading volume surged to 2,226,878 shares, which is an increase of 484% from the average session volume.
• Senior Officer David Lewis Cherry sold 67,500 shares for approximately C$39,420, highlighting insider trading activity within the company.

Sintana Energy Inc. (CVE:SEI - ) shares traded down 18.2% on Friday . The company traded as low as C$0.54 and last traded at C$0.54. 2,226,878 shares changed hands during 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 Trading Down 18.2%

The business's 50 day moving average price is C$0.62 and its two-hundred day moving average price is C$0.60. The stock has a market cap of C$205.11 million, a P/E ratio of -18.00 and a beta of -1.08.

Insider Buying and Selling at Sintana Energy

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

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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