Insider Selling: NXT Energy Solutions (TSE:SFD) Insider Sells 30,000 Shares of Stock

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 30,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$0.47, for a total transaction of C$14,100.00. Following the sale, the insider directly owned 10,519,506 shares in the company, valued at C$4,944,167.82. This represents a 0.28% decrease in their position.

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

• On Wednesday, May 13th, Chee Pheng Cheng sold 24,725 shares of NXT Energy Solutions stock. The shares were sold at an average price of C$0.41, for a total transaction of C$10,137.25.
• 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 Price Performance

Shares of SFD remained flat at C$0.48 during mid-day trading on Tuesday. 4,900 shares of the stock were exchanged, compared to its average volume of 18,146. 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 stock has a market cap of C$56.76 million, a PE ratio of -23.75 and a beta of -0.12. The stock’s 50-day simple moving average is C$0.38 and its two-hundred day simple moving average is C$0.35. NXT Energy Solutions Inc. has a twelve month low of C$0.27 and a twelve month high of C$0.93.

NXT Energy Solutions Company Profile

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.