Sintana Energy (CVE:SEI) Trading Up 13.9% – Still a Buy?

Shares of Sintana Energy Inc. (CVE:SEI) shot up 13.9% during trading on Tuesday . The company traded as high as C$0.96 and last traded at C$0.82. 1,548,571 shares traded hands during trading, an increase of 154% from the average session volume of 610,793 shares. The stock had previously closed at C$0.72.

Sintana Energy Price Performance

The company has a fifty day moving average price of C$0.89 and a two-hundred day moving average price of C$1.01. The company has a market capitalization of C$317.29 million, a P/E ratio of -31.58 and a beta of 0.87.

Insiders Place Their Bets

In other 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 value of C$85,000.00. Also, Director Robert Bose sold 28,400 shares of Sintana Energy stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of C$1.08, for a total value of C$30,609.52. Insiders own 15.35% of the company’s stock.

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.