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

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.

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

Sintana Energy Stock Down 4.2%

The business's 50-day moving average is C$0.62 and its two-hundred day moving average is C$0.60. The company has a market capitalization of C$255.01 million, a P/E ratio of -22.67 and a beta of -0.80.

Insider Activity at Sintana Energy

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of C$0.71, for a total transaction of C$70,500.00. Also, Director Robert Bose sold 238,000 shares of Sintana Energy stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$0.63, for a total transaction of C$149,226.00. Insiders have sold 674,000 shares of company stock valued at $430,332 over the last ninety days. 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.