Sintana Energy (CVE:SEI) Stock Price Up 19.4% – Should You Buy?

Sintana Energy Inc. (CVE:SEI) shares shot up 19.4% during mid-day trading on Tuesday . The company traded as high as C$0.96 and last traded at C$0.86. 2,420,502 shares were traded during trading, an increase of 274% from the average session volume of 647,946 shares. The stock had previously closed at C$0.72.

Sintana Energy Stock Up 22.2 %

The company has a market cap of C$328.49 million, a PE ratio of -32.69 and a beta of 0.87. The firm’s fifty day simple moving average is C$0.89 and its 200-day simple moving average is C$1.01.

Insider Activity

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$0.85, for a total value of C$85,000.00. Also, Director Robert Bose sold 28,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of C$1.08, for a total transaction of C$30,609.52. Company 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.