Sintana Energy (CVE:SEI) Trading Up 23.5% - Still a Buy?

Sintana Energy Inc. (CVE:SEI - Get Free Report)'s stock price rose 23.5% on Friday . The stock traded as high as C$0.73 and last traded at C$0.63. Approximately 1,747,893 shares were traded during mid-day trading, an increase of 240% from the average daily volume of 513,987 shares. The stock had previously closed at C$0.51.

Sintana Energy Trading Up 7.8%

The firm has a fifty day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.75. The stock has a market cap of C$257.56 million, a PE ratio of -25.63 and a beta of 0.87.

Insider Buying and Selling at Sintana Energy

In related news, 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. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's 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. 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.