Key Points
- Insider selling: Chee Pheng Cheng sold 24,725 shares of NXT Energy Solutions on May 13 for about C$10,137, reducing his stake by a small amount. He also made several other sales in recent weeks, including a larger sale of 92,500 shares on May 15.
- Stock snapshot: NXT Energy Solutions shares last traded at C$0.48, near the middle of their 52-week range of C$0.27 to C$0.93. The company has a market cap of about C$56.76 million.
- Company overview: NXT Energy Solutions is a Calgary-based technology company that uses its airborne SFD survey system to identify areas with potential hydrocarbon or geothermal resources. Its platform is designed to help clients focus exploration spending on the most promising targets.
NXT Energy Solutions Inc. (TSE:SFD - Get Free Report) insider Chee Pheng Cheng sold 24,725 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$0.41, for a total value of C$10,137.25. Following the completion of the sale, the insider directly owned 10,642,006 shares of the company's stock, valued at C$4,363,222.46. This represents a 0.23% decrease in their position.
Chee Pheng Cheng also recently made the following trade(s):
- On Friday, May 15th, Chee Pheng Cheng sold 92,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.48, for a total value of C$44,400.00.
- On Tuesday, May 12th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total value of C$4,000.00.
- On Thursday, April 16th, Chee Pheng Cheng sold 5,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total value of C$2,200.00.
- On Thursday, April 2nd, Chee Pheng Cheng sold 5,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.36, for a total value of C$1,800.00.
- On Monday, March 30th, Chee Pheng Cheng sold 3,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total value of C$1,400.00.
NXT Energy Solutions Price Performance
Shares of TSE:SFD opened at C$0.48 on Monday. NXT Energy Solutions Inc. has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.93. The business has a 50-day moving average of C$0.38 and a two-hundred day moving average of C$0.35. The stock has a market capitalization of C$56.76 million, a P/E ratio of -23.75 and a beta of -0.12. The company has a debt-to-equity ratio of 15.21, a current ratio of 2.34 and a quick ratio of 0.35.
NXT Energy Solutions Company Profile
(
Get Free Report)
NXT Energy Solutions Inc is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.
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