NXT Energy Solutions (TSE:SFD) Insider Chee Pheng Cheng Sells 50,000 Shares of Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$0.31, for a total value of C$15,500.00. Following the completion of the transaction, the insider directly owned 10,838,357 shares in the company, valued at C$3,359,890.67. This trade represents a 0.46% decrease in their position.

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

• 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, August 19th, Chee Pheng Cheng sold 12,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.35, for a total transaction of C$4,200.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 10,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.39, for a total value of C$3,900.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 20,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.34, for a total value of C$6,800.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 45,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.35, for a total value of C$15,750.00.
• On Thursday, August 6th, Chee Pheng Cheng sold 9,500 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.37, for a total value of C$3,515.00.
• On Friday, July 31st, Chee Pheng Cheng sold 2,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$800.00.
• On Friday, July 31st, Chee Pheng Cheng sold 30,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.36, for a total transaction of C$10,800.00.
• On Wednesday, July 29th, 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 Friday, July 24th, 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.

NXT Energy Solutions Price Performance

Shares of TSE:SFD opened at C$0.30 on Friday. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.35 and a current ratio of 1.70. The firm has a fifty day moving average price of C$0.38 and a 200 day moving average price of C$0.39. NXT Energy Solutions Inc. has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.72. The firm has a market cap of C$36.47 million, a price-to-earnings ratio of -4.36 and a beta of -0.66.

NXT Energy Solutions (TSE:SFD) last posted its earnings results on Thursday, August 6th. The company reported C($0.02) earnings per share 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.