Sintana Energy (CVE:SEI) Shares Up 25.5% – Time to Buy?

Shares of Sintana Energy Inc. (CVE:SEI) shot up 25.5% during trading on Friday . The stock traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares traded hands during mid-day trading, an increase of 252% from the average session volume of 514,629 shares. The stock had previously closed at C$0.51.

Sintana Energy Stock Performance

The stock has a market capitalization of C$238.90 million, a P/E ratio of -23.78 and a beta of 0.87. The firm’s fifty day simple moving average is C$0.53 and its 200 day simple moving average is C$0.75.

Insider Activity at Sintana Energy

In other Sintana Energy news, Director Robert Bose sold 89,666 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of C$0.49, for a total transaction of C$44,038.74. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$0.46, for a total transaction of C$46,000.00. 15.35% of the stock is currently owned by insiders.

Sintana Energy Company Profile

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.