Sintana Energy (CVE:SEI) Trading Up 2% – Still a Buy?

Sintana Energy Inc. (CVE:SEIGet Free Report) shot up 2% during mid-day trading on Wednesday . The company traded as high as C$0.52 and last traded at C$0.51. 78,700 shares traded hands during trading, a decline of 78% from the average session volume of 360,296 shares. The stock had previously closed at C$0.50.

Sintana Energy Price Performance

The company’s 50-day moving average is C$0.55 and its 200 day moving average is C$0.60. The company has a market cap of C$195.01 million, a price-to-earnings ratio of -17.33 and a beta of -0.98.

About Sintana Energy

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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.

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