Sintana Energy (CVE:SEI) Shares Up 25.5% - Here's Why

Sintana Energy Inc. (CVE:SEI - Get Free Report)'s share price was up 25.5% on Saturday . 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 Price Performance

The stock has a market cap of C$261.30 million, a price-to-earnings ratio of -26.00 and a beta of 0.87. The business's 50-day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.75.

Insider Buying and Selling at Sintana Energy

In related news, Director Douglas Glenn Manner sold 300,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$0.64, for a total value of C$192,750.00. 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. Insiders have sold 589,666 shares of company stock worth $351,789 over the last quarter. 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.