Sintana Energy (CVE:SEI) Stock Price Up 19.4% – What’s Next?

Sintana Energy Inc. (CVE:SEI) rose 19.4% during trading on Tuesday . The company traded as high as C$0.96 and last traded at C$0.86. Approximately 2,420,502 shares traded hands during mid-day trading, an increase of 274% from the average daily volume of 647,946 shares. The stock had previously closed at C$0.72.

Sintana Energy Price Performance

The firm has a market cap of C$328.49 million, a price-to-earnings ratio of -32.69 and a beta of 0.87. The stock has a 50-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, Senior Officer David Lewis Cherry sold 100,000 shares of Sintana Energy 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 company’s 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. 15.35% of the stock is currently owned by corporate 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.