Sintana Energy (CVE:SEI) Trading 2.5% Higher - Here's What Happened

Key Points

• Sintana Energy Inc. shares increased by 2.5% during mid-day trading on Wednesday, reaching a last traded price of C$0.61.
• Insider transactions revealed Senior Officer David Lewis Cherry and Director Robert Bose sold a significant number of shares, amounting to 547,500 shares valued at C$340,752 in the last 90 days.
• The company's current market capitalization stands at C$228.76 million, with a price-to-earnings ratio of -20.33.

Sintana Energy Inc. (CVE:SEI - )'s share price rose 2.5% during mid-day trading on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.61. Approximately 168,238 shares traded hands during trading, a decline of 55% from the average daily volume of 375,998 shares. The stock had previously closed at C$0.60.

Sintana Energy Stock Up 2.5%

The company has a market capitalization of C$228.76 million, a price-to-earnings ratio of -20.33 and a beta of -0.80. The firm has a 50 day moving average price of C$0.62 and a two-hundred day moving average price of C$0.60.

Insider Transactions at Sintana Energy

In other Sintana Energy news, Senior Officer David Lewis Cherry sold 67,500 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of C$0.58, for a total transaction of C$39,420.00. Also, Director Robert Bose sold 238,000 shares of Sintana Energy stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of C$0.63, for a total value of C$149,226.00. In the last 90 days, insiders sold 547,500 shares of company stock valued at $340,752. 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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