Sintana Energy (CVE:SEI) Trading Up 12.5% – Here’s Why

Sintana Energy Inc. (CVE:SEI) shares rose 12.5% during mid-day trading on Tuesday . The stock traded as high as C$0.96 and last traded at C$0.81. Approximately 1,761,996 shares were traded during mid-day trading, an increase of 179% from the average daily volume of 630,882 shares. The stock had previously closed at C$0.72.

Sintana Energy Stock Performance

The business has a fifty day simple moving average of C$0.89 and a 200-day simple moving average of C$1.01. The stock has a market capitalization of C$321.02 million, a P/E ratio of -31.95 and a beta of 0.87.

Insider Buying and Selling

In other news, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$0.85, for a total value of C$85,000.00. Also, Director Robert Bose sold 28,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of C$1.08, for a total value of C$30,609.52. 15.35% of the stock is owned by 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.