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

Key Points

• Sintana Energy Inc. shares fell by 18.2%, trading as low as C$0.54, following a significant increase in trading volume at 1,682,401 shares, compared to an average of 378,035 shares.
• Insider transactions revealed that Senior Officer David Lewis Cherry and Director Robert Bose sold a combined 305,500 shares for over C$188,000 in total, during a period when insiders sold over 543,500 shares worth C$337,872.
• The company focuses on petroleum and natural gas exploration in regions including Namibia and Colombia and has a market capitalization of C$205.11 million.

Shares of Sintana Energy Inc. (CVE:SEI - ) traded down 18.2% during mid-day trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. 1,682,401 shares changed hands during trading, an increase of 345% from the average session volume of 378,035 shares. The stock had previously closed at C$0.66.

Sintana Energy Price Performance

The firm has a market capitalization of C$205.11 million, a P/E ratio of -18.00 and a beta of -1.08. The company's 50 day moving average price is C$0.62 and its 200 day moving average price is C$0.60.

Insider Buying and Selling at Sintana Energy

In other news, Senior Officer David Lewis Cherry sold 67,500 shares of the company's stock in a transaction 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 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 have sold 543,500 shares of company stock worth $337,872. 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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