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

Shares of Sintana Energy Inc. (CVE:SEI - Get Free Report) traded up 25.5% on Saturday . The company traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares were traded 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 Price Performance

The business has a 50-day moving average of C$0.53 and a two-hundred day moving average of C$0.75. The company has a market cap of C$261.30 million, a P/E ratio of -26.00 and a beta of 0.87.

Insider Activity at Sintana Energy

In related news, Director Douglas Glenn Manner sold 300,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$0.64, for a total transaction of C$192,750.00. Also, 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 transaction of C$69,000.00. Insiders sold 589,666 shares of company stock valued at $351,789 over the last 90 days. 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.