Sintana Energy (CVE:SEI) Shares Down 5.1% – What’s Next?

Sintana Energy Inc. (CVE:SEI) shares were down 5.1% during 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 Stock Down 3.6 %

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

Insider Activity

In other news, Director Robert Bose purchased 444,444 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost 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.

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.