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

Key Points

• Sintana Energy Inc. experienced a stock price decline of 18.2%, trading at C$0.54, with over 2.2 million shares exchanged—an increase of 484% in trading volume.
• Senior Officer David Lewis Cherry sold 67,500 shares at an average price of C$0.58, totaling approximately C$39,420, contributing to the 15.35% insider ownership.
• The company's market capitalization stands at C$205.11 million with a P/E ratio of -18.00 and a beta of -1.08.

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

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

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 that occurred on Wednesday, July 16th. The shares were sold at an average price of C$0.58, for a total value of C$39,420.00. 15.35% of the stock is currently owned by company 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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