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

Sintana Energy Inc. (CVE:SEI - Get Free Report) shares rose 25.5% during mid-day trading on Saturday . The stock traded as high as C$0.73 and last traded at C$0.64. Approximately 1,812,352 shares traded hands during 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 Trading Up 1.4%

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

Insider Activity

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's stock in a transaction on 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 business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of C$0.49, for a total transaction of C$44,038.74. Insiders sold 589,666 shares of company stock valued at $351,789 in the last quarter. 15.35% of the stock is currently owned by insiders.

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.