Sintana Energy (CVE:SEI) Trading Up 27.5% - Should You Buy?

Sintana Energy Inc. (CVE:SEI - Get Free Report)'s share price rose 27.5% during trading on Friday . The company traded as high as C$0.73 and last traded at C$0.65. Approximately 1,603,343 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 512,589 shares. The stock had previously closed at C$0.51.

Sintana Energy Price Performance

The business has a 50 day moving average price of C$0.53 and a 200 day moving average price of C$0.75. The firm has a market capitalization of C$257.56 million, a P/E ratio of -25.63 and a beta of 0.87.

Insider Buying and Selling

In other news, Director Robert Bose sold 89,666 shares of the stock in a transaction 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. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of C$0.46, for a total transaction of C$46,000.00. 15.35% of the stock is currently owned by insiders.

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.