Sintana Energy (CVE:SEI) Stock Price Down 5.1% – Here’s Why

Sintana Energy Inc. (CVE:SEI)’s share price dropped 5.1% during mid-day trading on Thursday . The stock traded as low as C$1.12 and last traded at C$1.12. Approximately 76,587 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 760,928 shares. The stock had previously closed at C$1.18.

Sintana Energy Price Performance

The firm has a market capitalization of C$396.44 million, a P/E ratio of -53.00 and a beta of 0.87. The stock’s 50 day simple moving average is C$1.05 and its 200 day simple moving average is C$1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 10.18.

Insider Transactions at Sintana Energy

In related news, Director Robert Bose acquired 444,444 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of C$0.45 per share, with a total value of C$199,999.80. Corporate 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.