Sintana Energy (CVE:SEI) Shares Up 22.2% – Should You Buy?

Sintana Energy Inc. (CVE:SEI) shares shot up 22.2% on Tuesday . The stock traded as high as C$0.96 and last traded at C$0.88. 2,497,105 shares changed hands during mid-day 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 Stock Up 22.2 %

The stock’s 50 day moving average price is C$0.89 and its 200-day moving average price is 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.

Insider Transactions at Sintana Energy

In related news, Director Robert Bose sold 28,400 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$1.08, for a total transaction of C$30,609.52. Also, Senior Officer David Lewis Cherry sold 100,000 shares of Sintana Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$0.85, for a total value of C$85,000.00. Company 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.