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

Key Points

• Sintana Energy Inc. experienced a significant drop in stock price, down 18.2% to C$0.54, with trading volume increasing by 484% compared to the average.
• Insider trading activity was noted, with Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58, indicating potential concerns among management.
• The company has a market capitalization of C$205.11 million and is involved in petroleum and natural gas exploration primarily in Namibia and Colombia.

Sintana Energy Inc. (CVE:SEI - ) was down 18.2% on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. Approximately 2,226,878 shares were traded during mid-day 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 Trading 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 stock's 50 day moving average is C$0.62 and its two-hundred day moving average is C$0.60.

Insiders Place Their Bets

In related news, Senior Officer David Lewis Cherry sold 67,500 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of C$0.58, for a total value of C$39,420.00. 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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