Sintana Energy (CVE:SEI) Shares Up 16.7% – Here’s What Happened

Shares of Sintana Energy Inc. (CVE:SEI) traded up 16.7% during trading on Tuesday . The stock traded as high as C$0.96 and last traded at C$0.84. 2,048,549 shares changed hands during mid-day trading, an increase of 220% from the average session volume of 639,268 shares. The stock had previously closed at C$0.72.

Sintana Energy Trading Up 20.8 %

The stock’s 50 day moving average is C$0.89 and its two-hundred day moving average is C$1.01. The stock has a market cap of C$324.75 million, a price-to-earnings ratio of -32.32 and a beta of 0.87.

Insider Transactions at Sintana Energy

In other news, Senior Officer David Lewis Cherry sold 100,000 shares of the firm’s stock in a transaction 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 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 transaction of C$30,609.52. Company 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.