Sintana Energy (CVE:SEI) Trading 27.5% Higher - Here's What Happened

Sintana Energy Inc. (CVE:SEI - Get Free Report) shot up 27.5% on Friday . The stock traded as high as C$0.73 and last traded at C$0.65. 1,603,343 shares traded hands during trading, an increase of 213% from the average session volume of 512,589 shares. The stock had previously closed at C$0.51.

Sintana Energy Price Performance

The firm has a market capitalization of C$238.90 million, a PE ratio of -23.78 and a beta of 0.87. The business has a 50-day simple moving average of C$0.52 and a 200-day simple moving average of C$0.75.

Insider Activity

In other Sintana Energy news, Director Robert Bose sold 89,666 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of C$0.49, for a total transaction of C$44,038.74. Also, Senior Officer David Lewis Cherry sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$0.46, for a total transaction of C$46,000.00. 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.

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