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

Sintana Energy Inc. (CVE:SEI) shares were down 9.2% during trading on Monday . The stock traded as low as C$0.58 and last traded at C$0.59. Approximately 564,582 shares traded hands during mid-day 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 stock’s 50-day simple moving average is C$0.78 and its two-hundred day simple moving average is C$0.97. The stock has a market cap of C$216.50 million, a price-to-earnings ratio of -21.55 and a beta of 0.87.

Insider Transactions at Sintana Energy

In other news, Director Douglas Glenn Manner sold 72,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$0.70, for a total transaction of C$50,750.00. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of C$0.85, for a total transaction of C$85,000.00. Over the last ninety days, insiders have sold 790,900 shares of company stock worth $660,249. 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.