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

Key Points

• Sintana Energy's stock price dropped 18.2% to C$0.54 on Friday, reaching a trading volume of 2.2 million shares, which is 484% higher than its average.
• The company has a market capitalization of C$205.11 million and a price-to-earnings ratio of -18.00 due to negative earnings.
• Insider trading activity includes Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58, totaling C$39,420.

Sintana Energy Inc. (CVE:SEI - ) shares fell 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 company has a market capitalization of C$205.11 million, a price-to-earnings ratio of -18.00 and a beta of -1.08. The firm's fifty day simple moving average is C$0.62 and its two-hundred day simple moving average is C$0.60.

Insiders Place Their Bets

In other Sintana Energy news, Senior Officer David Lewis Cherry sold 67,500 shares of the business's stock in a transaction dated 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 owned by insiders.

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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