Sintana Energy (CVE:SEI) Hits New 12-Month Low – Time to Sell?

Shares of Sintana Energy Inc. (CVE:SEI) reached a new 52-week low on Friday . The company traded as low as C$0.48 and last traded at C$0.52, with a volume of 946351 shares traded. The stock had previously closed at C$0.64.

Sintana Energy Stock Down 20.3 %

The firm has a market cap of C$190.37 million, a P/E ratio of -18.95 and a beta of 0.87. The business’s 50 day moving average is C$0.69 and its 200-day moving average is C$0.92.

Insider Activity at Sintana Energy

In related news, Director Douglas Glenn Manner sold 72,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 business’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 sold a total of 790,900 shares of company stock valued at $660,249 over the last three months. 15.35% of the stock is owned by 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.