NXT Energy Solutions (TSE:SFD) Insider Chee Pheng Cheng Sells 64,000 Shares

NXT Energy Solutions Inc. (TSE:SFD) insider Chee Pheng Cheng sold 64,000 shares of NXT Energy Solutions stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$0.31, for a total value of C$19,840.00. Following the completion of the transaction, the insider owned 10,888,357 shares of the company’s stock, valued at approximately C$3,375,390.67. This represents a 0.58% decrease in their position.

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

• On Wednesday, September 2nd, Chee Pheng Cheng sold 50,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.31, for a total value of C$15,500.00.
• On Wednesday, August 19th, Chee Pheng Cheng sold 12,000 shares of NXT Energy Solutions stock. The stock was sold at an average price of C$0.35, for a total value of C$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 shares were 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 shares were 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 shares were sold at an average price of C$0.37, for a total transaction of C$3,515.00.
• On Friday, July 31st, Chee Pheng Cheng sold 2,000 shares of NXT Energy Solutions stock. The stock was 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 stock was 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 shares were sold at an average price of C$0.40, for a total transaction of C$200.00.

NXT Energy Solutions Price Performance

Shares of SFD stock traded down C$0.02 on Thursday, reaching C$0.31. 12,150 shares of the company were exchanged, compared to its average volume of 17,047. NXT Energy Solutions Inc. has a 1 year low of C$0.27 and a 1 year high of C$0.72. 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 business has a 50-day moving average price of C$0.39 and a 200 day moving average price of C$0.39. The company has a market cap of C$37.07 million, a price-to-earnings ratio of -4.43 and a beta of -0.66.

NXT Energy Solutions (TSE:SFD) last issued its quarterly 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.