Sintana Energy (CVE:SEI) Trading Down 6.6% – Here’s Why

Sintana Energy Inc. (CVE:SEIGet Free Report) dropped 6.6% during trading on Friday . The stock traded as low as C$0.49 and last traded at C$0.50. Approximately 412,257 shares changed hands during trading, a decline of 26% from the average daily volume of 559,471 shares. The stock had previously closed at C$0.53.

Sintana Energy Stock Performance

The stock has a fifty day simple moving average of C$0.45 and a two-hundred day simple moving average of C$0.53. The stock has a market cap of C$251.54 million, a price-to-earnings ratio of -12.25 and a beta of -1.87.

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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