Sintana Energy (CVE:SEI) Stock Price Down 6.8% – Here’s Why

Sintana Energy Inc. (CVE:SEI) shares were down 6.8% during trading on Tuesday . The stock traded as low as C$1.09 and last traded at C$1.10. Approximately 197,974 shares changed hands during trading, a decline of 74% from the average daily volume of 757,427 shares. The stock had previously closed at C$1.18.

Sintana Energy Price Performance

The business has a 50-day simple moving average of C$1.05 and a 200-day simple moving average of 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. The company has a market cap of C$441.32 million, a price-to-earnings ratio of -59.00 and a beta of 0.87.

Insiders Place Their Bets

In related news, Director Robert Bose acquired 444,444 shares of the business’s stock in a transaction 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. 15.35% of the stock is currently 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.