Legend Power Systems (CVE:LPS) Trading Down 9.7% – Time to Sell?

Legend Power Systems Inc. (CVE:LPS)’s stock price dropped 9.7% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.14. 481,821 shares traded hands 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 Stock Performance

The company has a current ratio of 0.95, a quick ratio of 5.98 and a debt-to-equity ratio of 129.51. The stock’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.14. The firm has a market capitalization of C$23.46 million, a PE ratio of -15.00 and a beta of 1.03.

Insider Buying and Selling

In other Legend Power Systems news, Director Jonathan Lansky sold 135,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$0.20, for a total transaction of C$27,000.00. In the last 90 days, insiders sold 209,300 shares of company stock worth $41,860. 14.96% of the stock is currently owned by corporate 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.