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

Sintana Energy Inc. (CVE:SEIGet Free Report) shares 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 mid-day 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 Stock Down 18.9%

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 stock has a 50-day moving average price of C$0.54 and a 200 day moving average price of C$0.60.

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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