Sintana Energy (CVE:SEI) Shares Up 37.3% - Still a Buy?

Sintana Energy Inc. (CVE:SEI - Get Free Report)'s share price rose 37.3% on Friday . The stock traded as high as C$0.71 and last traded at C$0.70. Approximately 859,515 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 505,006 shares. The stock had previously closed at C$0.51.

Sintana Energy Trading Up 7.8%

The company has a market cap of C$257.56 million, a PE ratio of -25.63 and a beta of 0.87. The firm has a 50 day moving average of C$0.53 and a two-hundred day moving average of C$0.75.

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the company'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 value of C$46,000.00. Also, Director Robert Bose sold 89,666 shares of the company's stock in a transaction that occurred 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. 15.35% of the stock is currently owned by company 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.