Sintana Energy (CVE:SEI) Trading Down 18.2% - Here's What Happened

Key Points

• Sintana Energy Inc. shares experienced a significant decline of 18.2%, trading at C$0.54, with trading volume increasing by 484% compared to the average daily volume.
• The company's market capitalization stands at C$205.11 million, and it has a negative price-to-earnings ratio of -18.00.
• Insider activity includes Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58, indicating some internal movement within the company's stock.

Sintana Energy Inc. (CVE:SEI - ) shares dropped 18.2% during trading on Thursday . 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 Stock Down 18.2%

The stock has a market capitalization of C$205.11 million, a price-to-earnings ratio of -18.00 and a beta of -1.08. The company's 50-day simple moving average is C$0.62 and its 200 day simple moving average is C$0.60.

Insider Activity at Sintana Energy

In other 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. Corporate 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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