Sintana Energy (CVE:SEI) Trading Up 25.5% - What's Next?

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

The business's 50-day moving average price is C$0.53 and its two-hundred day moving average price is C$0.75. The firm has a market cap of C$261.30 million, a price-to-earnings 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 business's 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. Also, Director Douglas Glenn Manner sold 300,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$0.64, for a total transaction of C$192,750.00. Insiders sold a total of 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.