Insider Selling: NXT Energy Solutions (TSE:SFD) Insider Sells 24,725 Shares of Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 24,725 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$0.41, for a total transaction of C$10,137.25. Following the completion of the transaction, the insider owned 10,642,006 shares of the company’s stock, valued at C$4,363,222.46. This trade represents a 0.23% decrease in their position.

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

• On Friday, May 15th, Chee Pheng Cheng sold 92,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.48, for a total transaction of C$44,400.00.
• On Tuesday, May 12th, 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 Thursday, April 16th, Chee Pheng Cheng sold 5,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$2,200.00.
• On Thursday, April 2nd, Chee Pheng Cheng sold 5,000 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.36, for a total transaction of C$1,800.00.
• On Monday, March 30th, Chee Pheng Cheng sold 3,500 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.40, for a total transaction of C$1,400.00.

NXT Energy Solutions Stock Performance

Shares of SFD stock opened at C$0.48 on Friday. The company’s fifty day simple moving average is C$0.38 and its 200-day simple moving average is C$0.35. The company has a quick ratio of 0.35, a current ratio of 2.34 and a debt-to-equity ratio of 15.21. The firm has a market cap of C$56.76 million, a PE ratio of -23.75 and a beta of -0.12. NXT Energy Solutions Inc. has a 12 month low of C$0.27 and a 12 month high of C$0.93.

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.