Sintana Energy (CVE:SEI) Shares Up 25.5% – Time to Buy?

Sintana Energy Inc. (CVE:SEI) shot up 25.5% during mid-day trading on Saturday . The company traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares were traded during 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 Trading Up 25.5%

The firm has a market cap of C$238.90 million, a price-to-earnings ratio of -23.78 and a beta of 0.87. The stock’s fifty day moving average price is C$0.53 and its 200-day moving average price is C$0.75.

Insider Buying and Selling

In related news, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of C$0.46, for a total transaction 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 transaction of C$44,038.74. 15.35% of the stock is currently 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.