Sintana Energy (CVE:SEI) Stock Price Up 25.5% – Here’s Why

Shares of Sintana Energy Inc. (CVE:SEI) traded up 25.5% during trading on Saturday . The company traded as high as C$0.73 and last traded at C$0.64. 1,812,352 shares changed hands 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 Stock Up 25.5%

The company has a market capitalization of C$238.90 million, a PE ratio of -23.78 and a beta of 0.87. The business’s 50 day simple moving average is C$0.53 and its 200 day simple moving average is C$0.75.

Insiders Place Their Bets

In other news, Senior Officer David Lewis Cherry sold 100,000 shares of the company’s stock in a transaction dated 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 firm’s 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. Corporate insiders own 15.35% of the company’s stock.

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.