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Sintana Energy (CVE:SEI) Shares Up 25.5% - Should You Buy?

Sintana Energy logo with Energy background

Sintana Energy Inc. (CVE:SEI - Get Free Report) shot up 25.5% during mid-day trading on Friday . The stock traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares changed hands during 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 25.5%

The company has a 50-day moving average price of C$0.53 and a 200-day moving average price of C$0.75. The firm has a market capitalization of C$238.90 million, a price-to-earnings ratio of -23.78 and a beta of 0.87.

Insider Transactions at Sintana Energy

In related news, Director Robert Bose sold 89,666 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was 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 value of C$46,000.00. Insiders own 15.35% of the company's stock.

About Sintana Energy

(Get Free Report)

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.

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