Sintana Energy (CVE:SEI) Trading Down 18.2% - Should You Sell?

Key Points

• Sintana Energy Inc. shares fell by 18.2% on Thursday, trading as low as C$0.54 amidst a significant increase in trading volume.
• Insider trading activity included Senior Officer David Lewis Cherry selling 67,500 shares at an average price of C$0.58, raising concerns about investor confidence.
• The company specializes in petroleum and natural gas exploration, operating five licenses in Namibia and Colombia's Magdalena Basin.

Sintana Energy Inc. (CVE:SEI - ) shares dropped 18.2% during mid-day 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 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 company has a market cap of C$205.11 million, a price-to-earnings ratio of -18.00 and a beta of -1.08. The business has a fifty day moving average of C$0.62 and a two-hundred day moving average of C$0.60.

Insiders Place Their Bets

In other Sintana Energy 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 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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