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

Sintana Energy Inc. (CVE:SEI)’s share price shot up 13.9% during trading on Tuesday . The company traded as high as C$0.96 and last traded at C$0.82. 1,468,571 shares changed hands during mid-day trading, an increase of 141% from the average session volume of 608,303 shares. The stock had previously closed at C$0.72.

Sintana Energy Stock Up 18.1 %

The company has a market cap of C$317.29 million, a P/E ratio of -31.58 and a beta of 0.87. The firm has a fifty day moving average price of C$0.89 and a 200 day moving average price of C$1.01.

Insiders Place Their Bets

In other Sintana Energy news, Director Robert Bose sold 28,400 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was 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 on Thursday, January 16th. The shares were sold at an average price of C$0.85, for a total value of C$85,000.00. 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.