Insider Selling: New Stratus Energy Inc. (CVE:NSE) Director Sells 175,000 Shares of Stock

New Stratus Energy Inc. (CVE:NSE) Director Marino Ostos Rosales sold 175,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$0.45, for a total transaction of C$79,555.00.

New Stratus Energy Trading Down 6.5 %

Shares of CVE NSE opened at C$0.43 on Friday. The firm has a market cap of C$54.09 million, a P/E ratio of -5.38 and a beta of 1.17. New Stratus Energy Inc. has a 1-year low of C$0.40 and a 1-year high of C$0.76. The business’s 50 day moving average is C$0.53 and its 200-day moving average is C$0.50.

Analysts Set New Price Targets

Separately, Cormark raised shares of New Stratus Energy to a “moderate buy” rating in a report on Monday, September 23rd.

New Stratus Energy Company Profile

New Stratus Energy Inc engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador.