Legend Power Systems (CVE:LPS) Trading Up 9.7% – What’s Next?

Legend Power Systems Inc. (CVE:LPS)’s stock price shot up 9.7% during mid-day trading on Friday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 469,700 shares traded hands during mid-day trading, an increase of 235% from the average daily volume of 140,117 shares. The stock had previously closed at C$0.15.

Legend Power Systems Stock Performance

The stock has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.13. The firm has a market capitalization of C$26.59 million, a P/E ratio of -17.00 and a beta of 1.03. The company has a debt-to-equity ratio of 129.51, a quick ratio of 5.98 and a current ratio of 0.95.

Insider Buying and Selling at Legend Power Systems

In related news, Director Jonathan Lansky sold 135,000 shares of Legend Power Systems stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$0.20, for a total value of C$27,000.00. Insiders sold 209,300 shares of company stock valued at $41,860 in the last three months. Company insiders own 14.96% of the company’s stock.

About Legend Power Systems

Legend Power Systems Inc, together with its subsidiaries, operates as an electrical energy conservation company in Canada and the United States. It assembles, markets, and sells SmartGATE, a patented device that enables dynamic power management of commercial or industrial Buildings. The company was founded in 1987 and is based in Vancouver, Canada.