Sintana Energy (CVE:SEI) Trading Down 13.6% - Here's What Happened

Key Points

• Sintana Energy Inc. shares fell by 13.6% to C$0.57 amid increased trading volume, marking a noteworthy decline from the previous closing price of C$0.66.
• Recent insider transactions revealed that a total of 543,500 shares were sold, worth approximately $337,872, indicating potential concern among company insiders.
• The company operates in petroleum and natural gas exploration, holding five licenses in Namibia and Colombia's Magdalena Basin, with a market capitalization of C$205.11 million.

Shares of Sintana Energy Inc. (CVE:SEI - ) traded down 13.6% on Thursday . The stock traded as low as C$0.56 and last traded at C$0.57. 564,194 shares were traded during mid-day trading, an increase of 52% from the average session volume of 372,248 shares. The stock had previously closed at C$0.66.

Sintana Energy Trading Down 18.2%

The stock's fifty day moving average is C$0.62 and its two-hundred day moving average is C$0.60. The company has a market capitalization of C$205.11 million, a PE ratio of -18.00 and a beta of -1.08.

Insider Buying and Selling at Sintana Energy

In other Sintana Energy news, Director Robert Bose sold 238,000 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$0.63, for a total value of C$149,226.00. Also, insider Charlestown Energy Partners, LLC sold 238,000 shares of the company's stock in a transaction that occurred 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. Insiders have sold a total of 543,500 shares of company stock worth $337,872 over the last three months. 15.35% of the stock is currently 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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