Legend Power Systems (CVE:LPS) Trading Down 9.7% – Should You Sell?

Legend Power Systems Inc. (CVE:LPS) shares traded down 9.7% during trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 481,821 shares were traded during trading, an increase of 239% from the average session volume of 142,076 shares. The stock had previously closed at C$0.15.

Legend Power Systems Price Performance

The company has a market capitalization of C$21.90 million, a P/E ratio of -14.00 and a beta of 1.03. The company has a quick ratio of 5.98, a current ratio of 0.95 and a debt-to-equity ratio of 129.51. The business has a 50 day simple moving average of C$0.19 and a 200-day simple moving average of C$0.13.

Insider Activity at Legend Power Systems

In other Legend Power Systems news, Director Jonathan Lansky sold 135,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$0.20, for a total value of C$27,000.00. Insiders have sold a total of 209,300 shares of company stock valued at $41,860 in the last quarter. 14.96% of the stock is currently owned by company insiders.

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.