Sintana Energy (CVE:SEI) Trading Down 18.2% - What's Next?

Key Points

• Sintana Energy Inc. shares fell by 18.2% on Friday, closing at C$0.54, which is a significant drop from the prior closing price of C$0.66.
• The trading volume surged to 2,226,878 shares, marking an increase of 484% compared to the average volume of 381,494 shares.
• Insider activity includes the sale of 67,500 shares by Senior Officer David Lewis Cherry, further indicating potential shifts in investor confidence.

Shares of Sintana Energy Inc. (CVE:SEI - ) fell 18.2% during trading on Friday . The stock traded as low as C$0.54 and last traded at C$0.54. 2,226,878 shares were traded during mid-day 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 Trading Down 18.2%

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

Insider Transactions at Sintana Energy

In related news, Senior Officer David Lewis Cherry sold 67,500 shares of the company's stock in a transaction that occurred 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. 15.35% of the stock is currently owned by corporate insiders.

About Sintana Energy

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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