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Sintana Energy (CVE:SEI) Trading Up 5.2% - Here's What Happened

Sintana Energy logo with Energy background

Key Points

  • Sintana Energy Inc. stock increased by 5.2% on Wednesday, reaching a last traded price of C$0.61 after closing at C$0.58.
  • The company has a market capitalization of C$228.76 million and a negative P/E ratio of -20.33.
  • Insiders have sold a total of 774,000 shares in the past three months, indicating significant insider selling activity.
  • MarketBeat previews the top five stocks to own by October 1st.

Sintana Energy Inc. (CVE:SEI - Get Free Report) was up 5.2% on Wednesday . The stock traded as high as C$0.61 and last traded at C$0.61. Approximately 68,858 shares were traded during trading, a decline of 82% from the average daily volume of 391,752 shares. The stock had previously closed at C$0.58.

Sintana Energy Stock Performance

The firm has a fifty day moving average price of C$0.62 and a two-hundred day moving average price of C$0.61. The stock has a market capitalization of C$228.76 million, a P/E ratio of -20.33 and a beta of -0.80.

Insider Buying and Selling

In related news, insider Charlestown Energy Partners, LLC sold 238,000 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of C$0.63, for a total value of C$149,226.00. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of C$0.71, for a total value of C$70,500.00. In the last three months, insiders have sold 774,000 shares of company stock valued at $500,832. 15.35% of the stock is owned by company insiders.

About Sintana Energy

(Get Free Report)

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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