Sintana Energy (CVE:SEI) Shares Up 25.5% - Still a Buy?

Shares of Sintana Energy Inc. (CVE:SEI - Get Free Report) rose 25.5% during mid-day trading on Friday . 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 Stock Performance

The company'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 cap of C$261.30 million, a PE ratio of -26.00 and a beta of 0.87.

Insider Activity

In other Sintana Energy news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$0.69, for a total value of C$69,000.00. Also, Director Douglas Glenn Manner sold 300,000 shares of the company'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. Insiders sold a total of 589,666 shares of company stock valued at $351,789 over the last three months. 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.