Sintana Energy (CVE:SEI) Shares Down 1.7% - What's Next?

Key Points

• Sintana Energy Inc. shares dropped by 1.7%, trading at C$0.57, reflecting a significant volume decline of 69% compared to the average session.
• Insider transactions include Director Douglas Glenn Manner selling 300,000 shares for C$192,750 and Senior Officer David Lewis Cherry selling 67,500 shares for C$39,420, indicating notable insider selling activity.
• The company holds five exploration licenses in Namibia and Colombia's Magdalena Basin, focusing on petroleum and natural gas exploration and development.

Sintana Energy Inc. (CVE:SEI - Get Free Report) was down 1.7% on Tuesday . The stock traded as low as C$0.57 and last traded at C$0.57. Approximately 130,635 shares were traded during trading, a decline of 69% from the average daily volume of 415,111 shares. The stock had previously closed at C$0.58.

Sintana Energy Price Performance

The company has a fifty day simple moving average of C$0.65 and a two-hundred day simple moving average of C$0.62. The company has a market capitalization of C$227.70 million, a P/E ratio of -22.66 and a beta of 0.87.

Insiders Place Their Bets

In other news, Director Douglas Glenn Manner sold 300,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$0.64, for a total value of C$192,750.00. Also, Director Robert Bose sold 238,000 shares of the firm'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. In the last ninety days, insiders sold 1,174,000 shares of company stock valued at $762,582. 15.35% of the stock is owned by company 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.