Sintana Energy (CVE:SEI) Shares Down 9.2% - Here's Why

Sintana Energy Inc. (CVE:SEI - Get Free Report) shares fell 9.2% during mid-day trading on Monday . The stock traded as low as C$0.58 and last traded at C$0.59. 564,582 shares changed hands during trading, a decline of 8% from the average session volume of 612,969 shares. The stock had previously closed at C$0.65.

Sintana Energy Price Performance

The company has a market cap of C$238.90 million, a price-to-earnings ratio of -23.78 and a beta of 0.87. The firm's 50-day moving average price is C$0.75 and its 200-day moving average price is C$0.96.

Insider Buying and Selling at Sintana Energy

In other news, Director Douglas Glenn Manner sold 72,500 shares of the company's stock in a transaction on 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, Senior Officer David Lewis Cherry sold 100,000 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$0.85, for a total value of C$85,000.00. Insiders have sold 790,900 shares of company stock valued at $660,249 over the last three months. 15.35% of the stock is owned by company insiders.

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.