NXT Energy Solutions (TSE:SFD) Insider Chee Pheng Cheng Sells 49,000 Shares of Company Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 49,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of C$0.37, for a total value of C$18,130.00. Following the completion of the sale, the insider owned 10,689,357 shares of the company’s stock, valued at approximately C$3,955,062.09. This represents a 0.46% decrease in their position.

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

• On Thursday, October 8th, Chee Pheng Cheng sold 1,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$400.00.
• On Friday, September 18th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.27, for a total transaction of C$2,700.00.
• On Tuesday, September 15th, Chee Pheng Cheng sold 14,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.27, for a total transaction of C$3,780.00.
• On Tuesday, September 1st, Chee Pheng Cheng sold 64,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.31, for a total transaction of C$19,840.00.
• On Wednesday, September 2nd, Chee Pheng Cheng sold 50,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.31, for a total transaction of C$15,500.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 12,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.35, for a total transaction of C$4,200.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.39, for a total transaction of C$3,900.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 20,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.34, for a total transaction of C$6,800.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 45,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.35, for a total transaction of C$15,750.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 9,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.37, for a total transaction of C$3,515.00.

NXT Energy Solutions Stock Performance

Shares of SFD traded up C$0.01 during mid-day trading on Friday, hitting C$0.39. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 18,617. NXT Energy Solutions Inc. has a fifty-two week low of C$0.25 and a fifty-two week high of C$0.56. The firm has a market capitalization of C$46.04 million, a P/E ratio of -5.50 and a beta of -0.14. The business’s 50 day moving average is C$0.33 and its two-hundred day moving average is C$0.38. The company has a current ratio of 1.70, a quick ratio of 0.35 and a debt-to-equity ratio of 16.52.

NXT Energy Solutions (TSE:SFD) last issued its quarterly earnings results on Thursday, August 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative net margin of 341.83% and a negative return on equity of 62.62%.

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.