NXT Energy Solutions (TSE:SFD) Insider Sells 30,000 Shares

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 30,000 shares of NXT Energy Solutions stock in a transaction on Friday, July 31st. The shares were sold at an average price of C$0.36, for a total value of C$10,800.00. Following the transaction, the insider directly owned 11,091,857 shares of the company’s stock, valued at approximately C$3,993,068.52. The trade was a 0.27% decrease in their ownership of the stock.

Chee Pheng Cheng also recently made the following trade(s):

• On Friday, July 31st, Chee Pheng Cheng sold 2,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$800.00.
• On Wednesday, July 29th, Chee Pheng Cheng sold 500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$200.00.
• On Friday, July 24th, Chee Pheng Cheng sold 500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$200.00.
• On Monday, July 27th, Chee Pheng Cheng sold 2,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$1,000.00.
• On Monday, July 20th, Chee Pheng Cheng sold 2,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$800.00.
• On Tuesday, July 21st, Chee Pheng Cheng sold 18,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.40, for a total transaction of C$7,200.00.
• On Thursday, July 23rd, Chee Pheng Cheng sold 6,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$2,600.00.
• On Tuesday, July 14th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$4,000.00.
• On Tuesday, July 7th, Chee Pheng Cheng sold 4,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.45, for a total value of C$1,800.00.
• On Monday, July 6th, Chee Pheng Cheng sold 18,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.45, for a total value of C$8,100.00.

NXT Energy Solutions Stock Performance

TSE SFD remained flat at C$0.36 during trading hours on Wednesday. The company had a trading volume of 6,000 shares, compared to its average volume of 16,469. The business’s 50 day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.38. NXT Energy Solutions Inc. has a 1-year low of C$0.27 and a 1-year high of C$0.93. The company has a market cap of C$43.02 million, a PE ratio of -2.57 and a beta of -0.26. The company has a debt-to-equity ratio of 15.21, a quick ratio of 0.35 and a current ratio of 2.34.

NXT Energy Solutions (TSE:SFD) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$0.11 million during the quarter. NXT Energy Solutions had a negative net margin of 310.81% and a negative return on equity of 91.33%.

About NXT Energy Solutions

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.