Sintana Energy (CVE:SEI) Trading 25.5% Higher - Should You Buy?

Sintana Energy Inc. (CVE:SEI - Get Free Report) shares shot up 25.5% on Saturday . The company 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 Up 1.4%

The firm's 50-day simple moving average is C$0.53 and its 200 day simple moving average is C$0.75. The stock has a market capitalization of C$261.30 million, a P/E ratio of -26.00 and a beta of 0.87.

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of C$0.46, for a total value of C$46,000.00. Also, Director Robert Bose sold 89,666 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of C$0.49, for a total transaction of C$44,038.74. In the last ninety days, insiders sold 589,666 shares of company stock valued at $351,789. Corporate insiders own 15.35% of the company's stock.

About Sintana Energy

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.