Sintana Energy (CVE:SEI) Trading 25.5% Higher - Here's Why

Sintana Energy Inc. (CVE:SEI - Get Free Report)'s stock price 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 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 Price Performance

The company has a market capitalization of C$261.30 million, a price-to-earnings ratio of -26.00 and a beta of 0.87. The stock's fifty day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.75.

Insiders Place Their Bets

In related news, Director Douglas Glenn Manner sold 300,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$0.64, for a total value of C$192,750.00. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of C$0.46, for a total transaction of C$46,000.00. Over the last three months, insiders have sold 589,666 shares of company stock valued at $351,789. Company 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.