Sintana Energy (CVE:SEI) Trading 25.5% Higher - Time to Buy?

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

The stock has a market capitalization of C$261.30 million, a PE ratio of -26.00 and a beta of 0.87. The firm's fifty day moving average is C$0.53 and its 200-day moving average is C$0.75.

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm's stock in a transaction that occurred 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 Robert Bose sold 89,666 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of C$0.49, for a total value of C$44,038.74. Insiders sold 589,666 shares of company stock valued at $351,789 over the last ninety days. Corporate 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.