Legend Power Systems (CVE:LPS) Shares Down 6.7% – What’s Next?

Shares of Legend Power Systems Inc. (CVE:LPS) were down 6.7% during trading on Thursday. The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 27,591 shares changed hands during trading, a decline of 80% from the average session volume of 137,387 shares. The stock had previously closed at C$0.15.

Legend Power Systems Trading Down 6.7%

The business’s 50 day moving average price is C$0.18 and its 200-day moving average price is C$0.14. 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 company has a market cap of C$21.90 million, a price-to-earnings ratio of -14.00 and a beta of 1.03.

Insider Activity

In related news, Director Jonathan Lansky sold 135,000 shares of the stock in a transaction that occurred 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. Insiders have sold a total of 209,300 shares of company stock valued at $41,860 over the last quarter. Company insiders own 14.96% of the company’s stock.

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.