Sintana Energy (CVE:SEI) Trading 22.2% Higher – Still a Buy?

Sintana Energy Inc. (CVE:SEI)’s share price traded up 22.2% on Tuesday . The company traded as high as C$0.96 and last traded at C$0.88. Approximately 2,497,105 shares were traded during trading, an increase of 284% from the average session volume of 651,101 shares. The stock had previously closed at C$0.72.

Sintana Energy Trading Up 22.2 %

The company has a 50-day moving average price of C$0.89 and a 200 day moving average price of C$1.01. The stock has a market capitalization of C$328.49 million, a P/E ratio of -32.69 and a beta of 0.87.

Insiders Place Their Bets

In other Sintana Energy news, Senior Officer David Lewis Cherry sold 100,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$0.85, for a total transaction of C$85,000.00. Also, Director Robert Bose sold 28,400 shares of the business’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 currently owned by 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.