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

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

Sintana Energy Trading Up 25.5%

The stock has a market cap of C$238.90 million, a price-to-earnings ratio of -23.78 and a beta of 0.87. The stock’s 50-day moving average price is C$0.53 and its 200-day moving average price is C$0.75.

Insider Transactions at Sintana Energy

In other 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 value of C$44,038.74. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$0.46, for a total transaction of C$46,000.00. Corporate insiders own 15.35% of the company’s stock.

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.