Sintana Energy (CVE:SEI) Trading Down 18.2% - Time to Sell?

Key Points

• Sintana Energy Inc.'s stock fell 18.2% to C$0.54 amid a significant increase in trading volume, reaching over 2.2 million shares traded.
• The company has a market capitalization of C$205.11 million and a P/E ratio of -18.00, reflecting its negative earnings.
• Insider activity reported includes a senior officer selling 67,500 shares at C$0.58, highlighting potential concerns around the stock's performance.

Sintana Energy Inc. (CVE:SEI - )'s stock price fell 18.2% during mid-day trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. 2,226,878 shares were traded during trading, an increase of 484% from the average session volume of 381,494 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Down 18.2%

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 stock has a fifty day moving average of C$0.62 and a 200-day moving average of C$0.60.

Insider Activity

In related 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. 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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