Sintana Energy (CVE:SEI) Stock Price Down 18.2% - Time to Sell?

Key Points

• Sintana Energy Inc. shares dropped 18.2% on Thursday, closing at C$0.54, with trading volume surging to approximately 2.2 million shares, a 484% increase from the average.
• Insiders sold a total of 543,500 shares in the last three months, indicating potential concerns about the company's stock performance.
• The company is engaged in petroleum and natural gas exploration across five licenses in Namibia and Colombia's Magdalena Basin.

Shares of Sintana Energy Inc. (CVE:SEI - ) dropped 18.2% on Thursday . 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 381,204 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Performance

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

Insider Buying and Selling at Sintana Energy

In other Sintana Energy news, insider Charlestown Energy Partners, LLC sold 238,000 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of C$0.63, for a total transaction of C$149,226.00. Also, Director Robert Bose sold 238,000 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of C$0.63, for a total value of C$149,226.00. In the last three months, insiders have sold 543,500 shares of company stock worth $337,872. 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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