Sintana Energy (CVE:SEI) Stock Price Down 18.2% - Should You Sell?

Key Points

• Sintana Energy Inc. shares decreased by 18.2% during trading, reaching a low of C$0.54, with a significant increase in trading volume of 484% compared to the average.
• The company currently holds a market cap of C$205.11 million and has a P/E ratio of -18.00, indicating potential financial concerns.
• Insider trading activity includes Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58, reflecting confidence issues from within the company's leadership.

Shares of Sintana Energy Inc. (CVE:SEI - ) dropped 18.2% during trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.54. Approximately 2,226,878 shares traded 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 Price Performance

The stock'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.

Insiders Place Their Bets

In related 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. 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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