Sintana Energy (CVE:SEI) Stock Price Down 13.6% - Should You Sell?

Key Points

• Sintana Energy Inc. shares fell by 13.6% to C$0.57, with trading volume increasing to 564,194, significantly above the average of 372,248 shares.
• The company has a market cap of C$205.11 million and a P/E ratio of -18.00, indicating it is currently operating at a loss.
• Insider sales contributed to concerns, with 543,500 shares sold by company insiders in the last three months, representing 15.35% of the company's outstanding shares.

Sintana Energy Inc. (CVE:SEI - ) shares dropped 13.6% on Thursday . The company traded as low as C$0.56 and last traded at C$0.57. Approximately 564,194 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 372,248 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Performance

The firm's fifty day simple moving average is C$0.62 and its 200-day simple moving average 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 Activity

In related news, insider Charlestown Energy Partners, LLC sold 238,000 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$0.63, for a total value of C$149,226.00. Also, Director Robert Bose sold 238,000 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$0.63, for a total transaction of C$149,226.00. Insiders sold a total of 543,500 shares of company stock worth $337,872 in the last three months. Company 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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