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

Key Points

• Sintana Energy's share price dropped by 18.2%, closing at C$0.54 on Thursday, with trading volume significantly increasing to over 2 million shares.
• The company has a market capitalization of C$205.11 million, with a price-to-earnings ratio of -18.00 and a beta of -1.08.
• Senior Officer David Lewis Cherry sold 67,500 shares at an average price of C$0.58, indicating insider transactions as 15.35% of the stock is owned by company insiders.

Shares of Sintana Energy Inc. (CVE:SEI - ) were down 18.2% on Friday . The stock traded as low as C$0.54 and last traded at C$0.54. Approximately 2,226,878 shares were traded 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 company has a market capitalization of C$205.11 million, a PE ratio of -18.00 and a beta of -1.08. The firm has a fifty day moving average of C$0.62 and a two-hundred day moving average of C$0.60.

Insiders Place Their Bets

In related news, Senior Officer David Lewis Cherry sold 67,500 shares of the stock in a transaction dated Wednesday, July 16th. The stock was 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 corporate 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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