Sintana Energy (CVE:SEI) Shares Down 18.9% – Here’s Why

Sintana Energy Inc. (CVE:SEIGet Free Report) shares dropped 18.9% during trading on Wednesday . The company traded as low as C$0.38 and last traded at C$0.43. Approximately 4,424,600 shares changed hands during trading, an increase of 1,071% from the average daily volume of 377,971 shares. The stock had previously closed at C$0.53.

Sintana Energy Trading Down 18.9%

The stock has a 50-day simple moving average of C$0.54 and a 200 day simple moving average of C$0.60. The company has a market cap of C$163.48 million, a price-to-earnings ratio of -10.75 and a beta of -1.02.

About Sintana Energy

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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.

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