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

Sintana Energy Inc. (CVE:SEI) shares were down 9.2% during mid-day 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 Down 10.8 %

The company has a market capitalization of C$216.50 million, a P/E ratio of -21.55 and a beta of 0.87. The business has a fifty day moving average price of C$0.78 and a 200 day moving average price of C$0.97.

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 value of C$50,750.00. Also, Director Robert Bose sold 28,400 shares of the company’s stock in a transaction that occurred 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 have sold a total of 790,900 shares of company stock valued at $660,249 over the last 90 days. 15.35% of the stock is owned by corporate insiders.

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.