Sintana Energy (CVE:SEI) Trading 25.5% Higher - Still a Buy?

Sintana Energy Inc. (CVE:SEI - Get Free Report) rose 25.5% during mid-day trading on Saturday . The stock traded as high as C$0.73 and last traded at C$0.64. Approximately 1,812,352 shares changed hands 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 firm has a market capitalization of C$261.30 million, a price-to-earnings ratio of -26.00 and a beta of 0.87. The firm has a 50 day moving average price of C$0.53 and a 200-day moving average price of C$0.75.

Insiders Place Their Bets

In other news, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$0.69, for a total transaction of C$69,000.00. Also, Director Robert Bose sold 89,666 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of C$0.49, for a total transaction of C$44,038.74. Over the last 90 days, insiders have sold 589,666 shares of company stock valued at $351,789. 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.