Sintana Energy (CVE:SEI) Stock Price Down 9.2% – Time to Sell?

Sintana Energy Inc. (CVE:SEI) shares fell 9.2% during mid-day trading on Monday . The company 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$250.10 million, a price-to-earnings ratio of -24.89 and a beta of 0.87. The business’s 50-day simple moving average is C$0.76 and its 200-day simple moving average is C$0.96.

Insiders Place Their Bets

In other news, Director Robert Bose sold 590,000 shares of Sintana Energy stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of C$0.84, for a total transaction of C$493,889.00. Also, Director Douglas Glenn Manner sold 72,500 shares of Sintana Energy stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$0.70, for a total transaction of C$50,750.00. Over the last quarter, insiders sold 790,900 shares of company stock worth $660,249. 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.