Sintana Energy (CVE:SEI) Trading Down 9.1% - Here's Why

Key Points

• Sintana Energy Inc. shares declined by 9.1% during mid-day trading, dropping to C$0.58 from a previous close of C$0.66.
• Insider selling has been significant, with 543,500 shares sold in the last ninety days, including David Lewis Cherry selling 67,500 shares recently.
• The company focuses on petroleum and natural gas exploration and development, holding licenses in Namibia and Colombia.

Sintana Energy Inc. (CVE:SEI - ) shares fell 9.1% during mid-day trading on Thursday . The company traded as low as C$0.58 and last traded at C$0.60. 366,332 shares were traded during mid-day trading, a decline of 1% from the average session volume of 370,251 shares. The stock had previously closed at C$0.66.

Sintana Energy Stock Performance

The business has a fifty day moving average of C$0.62 and a 200-day moving average of C$0.60. The company has a market capitalization of C$205.11 million, a P/E ratio of -18.00 and a beta of -1.08.

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 67,500 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of C$0.58, for a total value of C$39,420.00. Also, insider Charlestown Energy Partners, LLC sold 238,000 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of C$0.63, for a total value of C$149,226.00. Insiders have sold a total of 543,500 shares of company stock worth $337,872 in the last ninety days. Corporate insiders own 15.35% of the company's stock.

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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