Sintana Energy (CVE:SEI) Trading 16.7% Higher - Here's What Happened

Sintana Energy Inc. (CVE:SEI - Get Free Report) shot 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 traded hands during 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 Stock Up 20.8 %

The business has a 50-day moving average price of C$0.89 and a 200-day moving average price of C$1.01. The firm has a market capitalization 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 Sintana Energy news, Senior Officer David Lewis Cherry sold 100,000 shares of the company's 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 business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$1.08, for a total transaction of C$30,609.52. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.