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

Sintana Energy Inc. (CVE:SEI - Get Free Report) shares were up 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 traded hands during 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 Trading Up 25.5%

The firm has a fifty day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.75. The firm has a market cap of C$238.90 million, a PE ratio of -23.78 and a beta of 0.87.

Insiders Place Their Bets

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