Sintana Energy (CVE:SEI) Shares Down 9.2% – What’s Next?

Sintana Energy Inc. (CVE:SEI)’s stock price dropped 9.2% during trading on Monday . The company traded as low as C$0.58 and last traded at C$0.59. Approximately 564,582 shares were traded during trading, a decline of 8% from the average daily volume of 612,969 shares. The stock had previously closed at C$0.65.

Sintana Energy Stock Performance

The firm has a market capitalization of C$216.50 million, a price-to-earnings ratio of -21.55 and a beta of 0.87. The firm’s 50-day moving average price is C$0.78 and its two-hundred day moving average price is C$0.97.

Insiders Place Their Bets

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$0.85, for a total transaction of C$85,000.00. Also, Director Robert Bose sold 28,400 shares of Sintana Energy stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$1.08, for a total value of C$30,609.52. Insiders sold a total of 790,900 shares of company stock worth $660,249 over the last quarter. Company 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.