Key Points
- Insider sale: NXT Energy Solutions insider Chee Pheng Cheng sold 30,000 shares on May 15 at an average price of C$0.47, totaling C$14,100. After the transaction, Cheng still held more than 10.5 million shares.
- Recent selling activity: Cheng has been actively reducing holdings, with multiple additional sales in May and earlier in April and March, including another 92,500-share sale on May 15.
- Stock snapshot: NXT Energy Solutions opened at C$0.48, trading near its 50-day and 200-day moving averages, with a market cap of about C$56.8 million and a 52-week range of C$0.27 to C$0.93.
NXT Energy Solutions Inc. (TSE:SFD - Get Free Report) insider Chee Pheng Cheng sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$0.47, for a total transaction of C$14,100.00. Following the completion of the transaction, the insider directly owned 10,519,506 shares of the company's stock, valued at approximately C$4,944,167.82. This trade represents a 0.28% decrease in their ownership of the stock.
Chee Pheng Cheng also recently made the following trade(s):
- On Wednesday, May 13th, Chee Pheng Cheng sold 24,725 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.41, for a total transaction of C$10,137.25.
- 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 shares were 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 shares were 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 shares were sold at an average price of C$0.40, for a total value of C$1,400.00.
NXT Energy Solutions Stock Performance
Shares of SFD opened at C$0.48 on Wednesday. NXT Energy Solutions Inc. has a 52-week low of C$0.27 and a 52-week high of C$0.93. The stock's 50-day simple moving average is C$0.38 and its 200 day simple moving average is C$0.35. The company has a debt-to-equity ratio of 15.21, a quick ratio of 0.35 and a current ratio of 2.34. The stock has a market capitalization of C$56.76 million, a price-to-earnings ratio of -23.75 and a beta of -0.12.
About NXT Energy Solutions
(
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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