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

Sintana Energy Inc. (CVE:SEI - Get Free Report) shares traded up 25.5% on Saturday . The company traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares traded hands during mid-day trading, an increase of 252% from the average session volume of 514,629 shares. The stock had previously closed at C$0.51.

Sintana Energy Stock Up 1.4%

The stock's fifty day moving average price is C$0.53 and its 200 day moving average price is C$0.75. The stock has a market cap of C$261.30 million, a PE ratio of -26.00 and a beta of 0.87.

Insider Buying and Selling

In other news, Director Douglas Glenn Manner sold 300,000 shares of the 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. Also, 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. In the last ninety days, insiders sold 589,666 shares of company stock valued at $351,789. 15.35% of the stock is owned by corporate insiders.

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.