Sintana Energy (CVE:SEI) Hits New 52-Week Low – Here’s Why

Sintana Energy Inc. (CVE:SEI)’s stock price hit 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 Price Performance

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

Insider Activity at Sintana Energy

In other Sintana Energy news, Director Robert Bose sold 28,400 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$1.08, for a total value of C$30,609.52. Also, Director Douglas Glenn Manner sold 72,500 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of C$0.70, for a total value of C$50,750.00. Insiders sold 790,900 shares of company stock valued at $660,249 over the last 90 days. 15.35% of the stock is currently owned by corporate 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.