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

Sintana Energy Inc. (CVE:SEIGet Free Report) dropped 18.9% during mid-day trading on Wednesday . The stock traded as low as C$0.38 and last traded at C$0.43. Approximately 4,424,600 shares traded 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 Price Performance

The firm has a market capitalization of C$163.48 million, a price-to-earnings ratio of -10.75 and a beta of -1.02. The business’s fifty day simple moving average is C$0.54 and its 200 day simple moving average is C$0.60.

Sintana Energy Company Profile

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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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